Funding you earn now, next payment 01:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h +0.028%
Price spread now: Binance against Kraken Futures+0.018%7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$730.725% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.018%, 7d avg −0.115%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.133% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.115%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% 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 | Kraken Futures PF_AXSUSD | 1.0849 | −0.0259 | get 0.0032% / 1h | 58m 53s | $142K | $315K | 20x |
| Short | Binance AXSUSDT | 1.0850 | 0.0100 | get 0.0050% / 4h | 3h 58m | $6.2M | $9.6M | 75x |
Kraken Futures PF_AXSUSD
Binance AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $75.37
- Price spread: +0.018% → −0.115%
- $13.32
- Slippage, 4 orders
- −$52.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $16.17
- Costs to cover
- 0.725%
- Break-even
- 5.5 days
Slippage from Kraken Futures: live order book, 14 min ago; Binance: live order book, 11 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 Kraken Futures live order book, 14 min ago | 2.78 bp | 21.3 bp −$21 | 94.4 bp −$944 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.39 bp | 13.7 bp −$14 | 42.3 bp −$423 | 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_AXSUSDlong | −0.0259% | 1h | 1.0849 | long leg | $142K | $315K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −1.185% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0080% | 4h | 1.0840 | −0.079% | $3K | — | 10x | as long as short |
| BloFin AXS-USDT | +0.0092% | 4h | 1.0840 | −0.079% | $274K | $18K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0871 | +0.207% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0865 | +0.152% | $267K | $299K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0851 | +0.027% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDTshort | +0.0100% | 4h | 1.0850 | +0.018% | $6.2M | $9.6M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0862 | +0.124% | $3.7M | $4.1M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0860 | +0.106% | $1.5M | $3.0M | 20x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster 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_USDT | +0.0100% | 8h | 1.0854 | +0.051% | $977K | $903K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0847 | −0.014% | $11.5M | $741K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0840 | −0.079% | $615K | $304K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0850 | +0.014% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0852 | +0.032% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0838 | −0.101% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0820 | −0.263% | $768K | $906K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0843 | −0.051% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0842 | −0.060% | $722 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0847 | −0.014% | $7K | $155K | 10x | as long as short |
Gate AXS_USDT
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