Funding you earn now, next payment 10:00 UTC+0.0589%/8h= +64.5% APRnext payment +$0.74 per $10,000 · paid last 24h +0.059%
Price spread now: Kraken Futures against Injective+0.941%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.941% dearer against Injective than usual: you sell high and buy low: +$94 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective AXS/USDC PERP | 1.0580 | 0.0033 | pay 0.0004% / 1h | 21m 00s | $1K | $48K | 5.5x |
| Short | Kraken Futures PF_AXSUSD | 1.0680 | 0.0622 | get 0.0078% / 1h | 21m 00s | $146K | $329K | 20x |
Injective AXS/USDC PERP
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $123.69
- Price spread: +0.941% → 0.000%
- $94.09
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $207.76
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 29 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 29 min ago | 6.09 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 exchanges
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 PERPlong | +0.0033% | 1h | 1.0580 | long leg | $1K | $48K | 5.5x | |
| BloFin AXS-USDT | +0.0076% | 4h | 1.0665 | +0.803% | $283K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0670 | +0.851% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0694 | +1.078% | $36K | $42K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0668 | +0.832% | $254K | $694K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0670 | +0.855% | $72K | $16K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0667 | +0.822% | $6.0M | $9.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0675 | +0.898% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0667 | +0.822% | $1.5M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0671 | +0.860% | $840K | $392K | 50x | as long as short |
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0673 | +0.879% | $11.6M | $644K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0670 | +0.851% | $587K | $262K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0670 | +0.851% | $3.1M | $1.1M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0669 | +0.841% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0661 | +0.769% | $36K | $725 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0662 | +0.776% | $761K | $836K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0676 | +0.907% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0668 | +0.832% | $782 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0663 | +0.782% | $12K | $252K | 10x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0622% | 1h | 1.0680 | +0.941% | $146K | $329K | 20x |
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