Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid−0.065%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.065%, 7d avg −0.117%
=Together, before fees−0.046%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.052% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.117%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0804 | 0.0100 | pay 0.0013% / 1h | 35m 19s | $265K | $298K | 5x |
| Short | Extended AXS-USD | 1.0797 | 0.0104 | get 0.0013% / 1h | 35m 19s | $7K | $156K | 10x |
Hyperliquid AXS
Extended AXS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- $0.84
- Price spread: −0.065% → −0.117%
- $5.19
- Slippage, 4 orders
- −$77.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$85.89
- Costs to cover
- 0.919%
- Break-even
- 722.7 days
Slippage from Hyperliquid: live order book, 24 min ago; Extended: live order book, 40 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 Hyperliquid live order book, 24 min ago | 2.78 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 40 min ago | 1.88 bp | 19.3 bp −$19 | 162.2 bp −$1,622 | 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 | −0.0239% | 1h | 1.0811 | +0.062% | $141K | $312K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.777% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0800 | −0.037% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0823 | +0.176% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0804 | long leg | $265K | $298K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0801 | −0.032% | $75K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0799 | −0.046% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0812 | +0.074% | $3.7M | $4.0M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0798 | −0.056% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0807 | +0.028% | $973K | $1.0M | 50x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit 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 | 1.0798 | −0.056% | $11.5M | $745K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0810 | +0.056% | $613K | $306K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0800 | −0.037% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0803 | −0.009% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0816 | +0.113% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0800 | −0.036% | $772K | $892K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0803 | −0.009% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0804 | 0.000% | $710 | $3K | 5x | as long as short |
| Extended AXS-USDshort | +0.0104% | 1h | 1.0797 | −0.065% | $7K | $156K | 10x | |
| BloFin AXS-USDT | +0.0135% | 4h | 1.0795 | −0.083% | $276K | $17K | 75x | 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
BloFin AXS-USDT