Funding you earn now, next payment 23:00 UTC−0.0615%/8h= −67.3% APRpaid last 24h −0.026%
Price spread now: Kraken Futures against BloFin+0.132%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.132%, 7d avg +0.109%
=The price spread pays, funding is against you. Kraken Futures is 0.023% dearer against BloFin than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.109%): +$2 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.248% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -13.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AXS-USDT | 1.0632 | 0.0139 | pay 0.0069% / 4h | 1h 19m | $273K | $17K | 75x |
| Short | Kraken Futures PF_AXSUSD | 1.0646 | −0.0476 | pay 0.0059% / 1h | 19m 14s | $139K | $306K | 20x |
BloFin AXS-USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$129.07
- Price spread: +0.132% → +0.109%
- $2.35
- Slippage, 4 orders
- −$42.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$190.88
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 57 min ago; Kraken Futures: live order book, 63 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, 57 min ago | 1.88 bp | 17.4 bp −$17 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 63 min ago | 6.09 bp | 19.5 bp −$19 | 68.1 bp −$681 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSDshort | −0.0476% | 1h | 1.0646 | +0.132% | $139K | $306K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.828% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAP | +0.0065% | 4h | 1.0637 | +0.047% | $1.4M | $2.7M | 20x | as long as short |
| Orderly PERP_AXS_USDC | +0.0068% | 4h | 1.0640 | +0.075% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0654 | +0.207% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0639 | +0.066% | $262K | $297K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0642 | +0.094% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0635 | +0.031% | $5.9M | $9.2M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0633 | +0.009% | $3.2M | $3.6M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0640 | +0.075% | $957K | $1.0M | 50x | as long as short |
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0630 | −0.019% | $11.1M | $727K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0640 | +0.075% | $589K | $297K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0630 | −0.019% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0634 | +0.019% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0639 | +0.063% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0642 | +0.095% | $760K | $862K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0641 | +0.085% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0633 | +0.009% | $683 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0635 | +0.025% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0139% | 4h | 1.0632 | long leg | $273K | $17K | 75x |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD