Funding you earn now, next payment 01:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.032%
Price spread now: Kraken Futures against Gate+0.211%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2132.134% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.211%, 7d avg +0.075%
=The price spread pays, funding is against you. Kraken Futures is 0.136% dearer against Gate than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of +0.075%): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.146% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% 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 | Gate AXS_USDT | 1.0791 | 0.0100 | pay 0.0100% / 8h | 7h 12m | $872K | $1.1M | 50x |
| Short | Kraken Futures PF_AXSUSD | 1.0814 | −0.0260 | pay 0.0032% / 1h | 12m 50s | $147K | $331K | 20x |
Gate AXS_USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$75.55
- Price spread: +0.211% → +0.075%
- $13.61
- Slippage, 4 orders
- −$188.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$275.35
- Costs to cover
- 2.134%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Kraken Futures: live order book, 60 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 | 5.09 bp | 84.5 bp −$85 | 270.6 bp −$2,706 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 min ago | 2.78 bp | 22.2 bp −$22 | 70.9 bp −$709 | 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 | −0.0260% | 1h | 1.0814 | +0.211% | $147K | $331K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.658% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0063% | 4h | 1.0813 | +0.204% | $280K | $14K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0081% | 4h | 1.0810 | +0.176% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0816 | +0.232% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0792 | +0.009% | $265K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0788 | −0.026% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0792 | +0.011% | $6.1M | $9.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0790 | −0.009% | $3.7M | $4.1M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0787 | −0.037% | $1.4M | $2.9M | 20x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDTlong | +0.0100% | 8h | 1.0791 | long leg | $872K | $1.1M | 50x | |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0788 | −0.028% | $11.5M | $745K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0790 | −0.009% | $609K | $312K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0790 | −0.009% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0786 | −0.046% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0825 | +0.313% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0814 | +0.211% | $771K | $902K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0807 | +0.148% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0807 | +0.148% | $716 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0785 | −0.053% | $7K | $241K | 10x | 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