Funding you earn now, next payment 22:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.023%
Price spread now: Lighter against Injective−0.979%66s7-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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.979% cheaper against Injective than usual: you would sell low and buy high (spread −0.979% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$98 on $10k: about 52 days of funding at the current rate (+$2 a day). The two prices were read 66 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 | Injective AXS/USDC PERP | 1.0720 | 0.0033 | pay 0.0004% / 1h | 2m 00s | $5 | $47K | 5.5x |
| Short | Lighter AXS | 1.0615 | 0.0096 | get 0.0012% / 1h | 2m 00s | $28K | $36K | 5x |
Injective AXS/USDC PERP
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $13.16
- Price spread: −0.979% → 0.000%
- −$97.95
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$84.81
- Costs to cover
- 0.000%
- Break-even
- 52.1 days
Slippage unknown: Injective: no order-book sample; Lighter: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter no order-book sample | — | — | — | — | — |
Injective and Lighter: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0339% | 1h | 1.0610 | −1.024% | $139K | $322K | 20x | as long as short |
| OKX AXS-USDT-SWAP | +0.0012% | 4h | 1.0595 | −1.166% | $1.4M | $2.7M | 20x | as long as short |
| Injective AXS/USDC PERPlong | +0.0033% | 1h | 1.0720 | long leg | $5 | $47K | 5.5x | |
| Orderly PERP_AXS_USDC | +0.0072% | 4h | 1.0590 | −1.213% | $3K | — | 10x | as long as short |
| Lighter AXSshort | +0.0096% | 1h | 1.0615 | −0.979% | $28K | $36K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0600 | −1.119% | $260K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0592 | −1.190% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0594 | −1.175% | $5.9M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0592 | −1.194% | $3.1M | $3.6M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0587 | −1.241% | $954K | $1.0M | 50x | as long as short |
Kraken Futures PF_AXSUSD
OKX AXS-USDT-SWAP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
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 | 1.0591 | −1.203% | $11.1M | $765K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0590 | −1.213% | $581K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0590 | −1.213% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0592 | −1.194% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0589 | −1.226% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0599 | −1.133% | $756K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0598 | −1.138% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0596 | −1.157% | $694 | $3K | 5x | as long as short |
| BloFin AXS-USDT | +0.0101% | 4h | 1.0587 | −1.241% | $272K | $29K | 75x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0593 | −1.186% | $7K | $156K | 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
BloFin AXS-USDT
Extended AXS-USD