Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.016%
Price spread now: Orderly against Bybit−0.253%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.253% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXSUSDT | 1.0667 | 0.0100 | pay 0.0100% / 8h | 2h 20m | $3.7M | $4.3M | 75x |
| Short | Orderly PERP_AXS_USDC | 1.0640 | 0.0097 | get 0.0049% / 4h | 2h 20m | $3K | — | 10x |
Bybit AXSUSDT
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bybit. 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
- −$0.62
- Price spread: −0.253% → 0.000%
- −$25.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$42.93
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
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 Bybit live order book, 2 min ago | 1.88 bp | 23.1 bp −$23 | 102.5 bp −$1,025 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.0580 | −0.816% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0094% | 4h | 1.0631 | −0.337% | $278K | $30K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0686 | +0.178% | $36K | $39K | 5x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0097% | 4h | 1.0640 | −0.253% | $3K | — | 10x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0662 | −0.047% | $421K | $499K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0666 | −0.005% | $72K | $15K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0664 | −0.028% | $6.0M | $10.7M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0667 | long leg | $3.7M | $4.3M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0667 | 0.000% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0644 | −0.216% | $843K | $829K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
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 | 1.0644 | −0.216% | $11.4M | $673K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0640 | −0.253% | $582K | $288K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0670 | +0.028% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0661 | −0.056% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0638 | −0.275% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0590 | −0.722% | $760K | $896K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0650 | −0.159% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0635 | −0.300% | $751 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0649 | −0.167% | $10K | $228K | 10x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0416% | 1h | 1.0642 | −0.239% | $141K | $351K | 20x | as long as short |
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
Kraken Futures PF_AXSUSD