Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.007%
Price spread now: Bitget against BloFin−0.046%45s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.801% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.046%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.047% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AXS-USDT | 1.0755 | 0.0132 | pay 0.0066% / 4h | 2m 28s | $277K | $25K | 75x |
| Short | Bitget AXSUSDT | 1.0750 | 0.0100 | get 0.0050% / 4h | 2m 28s | $3.1M | $1.2M | 50x |
BloFin AXS-USDT
Bitget AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.75
- Price spread: −0.046% → +0.001%
- −$4.71
- Slippage, 4 orders
- −$56.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$91.56
- Costs to cover
- 0.801%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 19 min ago; Bitget: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 19 min ago | 3.73 bp | 18.1 bp −$18 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.65 bp | 19.3 bp −$19 | 54.8 bp −$548 | doesn't fit | doesn't fit |
AXS on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.325% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0750 | −0.046% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0777 | +0.205% | $33K | $41K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0758 | +0.025% | $261K | $310K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0752 | −0.032% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0752 | −0.028% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0758 | +0.028% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0754 | −0.009% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0745 | −0.093% | $855K | $903K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0748 | −0.065% | $11.5M | $686K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0750 | −0.046% | $602K | $298K | 50x | as long as short |
| Bitget AXSUSDTshort | +0.0100% | 4h | 1.0750 | −0.046% | $3.1M | $1.2M | 50x | |
| BingX AXS-USDT | +0.0100% | 4h | 1.0750 | −0.046% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0745 | −0.092% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0748 | −0.061% | $768K | $901K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0756 | +0.009% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0752 | −0.028% | $762 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0749 | −0.057% | $10K | $242K | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0132% | 4h | 1.0755 | long leg | $277K | $25K | 75x | |
| Kraken Futures PF_AXSUSD | +0.0436% | 1h | 1.0767 | +0.111% | $140K | $341K | 20x | as long as short |
KuCoin AXSUSDTM
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Kraken Futures PF_AXSUSD