AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against BloFin+0.179%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1901.897% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.179%, 7d avg 0.000%

Together, before fees−0.246%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.179% dearer against BloFin than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of 0.000%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AXS-USDT	1.0621	0.0159	pay 0.0079% / 4h	1h 16m	$272K	$17K	75x
Short	KuCoin AXSUSDTM	1.0640	0.0100	get 0.0050% / 4h	1h 16m	$589K	$297K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$12.32
Price spread: +0.179% → 0.000%: $17.9
Slippage, 4 orders: −$165.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$184.13
Costs to cover: 1.897%
Break-even: never at this rate

Slippage from BloFin: live order book, 60 min ago; KuCoin: live order book, 56 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, 60 min ago	1.88 bp	17.4 bp −$17	34.7 bp −$347	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	9.42 bp	88.9 bp −$89	254.3 bp −$2,543	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_AXSUSD	−0.0476%	1h	1.0633	+0.115%	$139K	$306K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.932%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0070%	4h	1.0630	+0.085%	$3K	—	10x	as long as short
OKX AXS-USDT-SWAP	+0.0071%	4h	1.0640	+0.179%	$1.4M	$2.7M	20x	as long as short
Lighter AXS	+0.0096%	1h	1.0651	+0.282%	$28K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0634	+0.122%	$262K	$297K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0632	+0.108%	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0632	+0.107%	$5.9M	$9.2M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0634	+0.122%	$3.2M	$3.6M	75x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0634	+0.122%	$957K	$1.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0626	+0.047%	$11.1M	$729K	50x	as long as short
KuCoin AXSUSDTMshort	+0.0100%	4h	1.0640	+0.179%	$589K	$297K	50x
Bitget AXSUSDT	+0.0100%	4h	1.0630	+0.085%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0636	+0.141%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0639	+0.166%	$36K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0636	+0.140%	$759K	$862K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0626	+0.047%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0622	+0.009%	$687	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0630	+0.084%	$7K	$156K	10x	as long as short
BloFin AXS-USDTlong	+0.0159%	4h	1.0621	long leg	$272K	$17K	75x