Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.003%
Price spread now: BloFin against Gate−0.066%108s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as 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−$2042.039% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.066%, 7d avg −0.034%
=Funding pays, the price is against you. BloFin is 0.032% cheaper against Gate than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.034%). If the spread goes back, that is −$3 on $10k: about 2.4 days of funding at the current rate (+$1 a day). The two prices were read 108 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 | Gate AXS_USDT | 1.0652 | 0.0100 | pay 0.0100% / 8h | 1h 43m | $959K | $1.0M | 50x |
| Short | BloFin AXS-USDT | 1.0645 | 0.0144 | get 0.0072% / 4h | 1h 43m | $271K | $17K | 75x |
Gate AXS_USDT
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $9.19
- Price spread: −0.066% → −0.034%
- −$3.2
- Slippage, 4 orders
- −$176.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$197.88
- Costs to cover
- 2.039%
- Break-even
- 157.7 days
Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 33 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 Gate live order book, 4 min ago | 9.40 bp | 78.5 bp −$78 | 237.2 bp −$2,372 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 1.88 bp | 10.0 bp −$10 | 25.0 bp −$250 | 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 | −0.0475% | 1h | 1.0658 | +0.058% | $140K | $320K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.638% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAP | +0.0037% | 4h | 1.0648 | −0.038% | $1.4M | $2.7M | 20x | as long as short |
| Orderly PERP_AXS_USDC | +0.0071% | 4h | 1.0650 | −0.019% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0678 | +0.244% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0656 | +0.038% | $261K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0658 | +0.057% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0654 | +0.023% | $6.0M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0652 | 0.000% | $3.2M | $3.6M | 75x | as long as short |
| Gate AXS_USDTlong | +0.0100% | 8h | 1.0652 | long leg | $959K | $1.0M | 50x |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0653 | +0.009% | $11.1M | $720K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0650 | −0.019% | $582K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | −0.019% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0640 | −0.113% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0630 | −0.202% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0640 | −0.113% | $751K | $862K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0648 | −0.038% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0649 | −0.028% | $678 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0649 | −0.027% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDTshort | +0.0144% | 4h | 1.0645 | −0.066% | $271K | $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