Funding you earn now, next payment 23:00 UTC+0.0576%/8h= +63.0% APRpaid last 24h +0.033%
Price spread now: BingX against Kraken Futures−0.103%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.103%, 7d avg −0.108%
=The price spread sits at its 7-day average of −0.108%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% 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 | 1.0648 | −0.0476 | get 0.0059% / 1h | 32m 33s | $139K | $305K | 20x |
| Short | BingX AXS-USDT | 1.0637 | 0.0100 | get 0.0050% / 4h | 1h 32m | — | $2.6M | — |
Kraken Futures PF_AXSUSD
BingX AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $120.9
- Price spread: −0.103% → −0.108%
- $0.52
- Slippage, 4 orders
- −$53.16
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $48.26
- Costs to cover
- 0.732%
- Break-even
- 4.2 days
Slippage from Kraken Futures: live order book, 50 min ago; BingX: live order book, 2 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, 50 min ago | 6.09 bp | 17.3 bp −$17 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.71 bp | 17.7 bp −$18 | 42.5 bp −$425 | 307.2 bp −$30.7K | 442.4 bp −$221.2K |
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 | −0.0476% | 1h | 1.0648 | long leg | $139K | $305K | 20x | |
| OKX AXS-USDT-SWAP | +0.0030% | 4h | 1.0629 | −0.178% | $1.4M | $2.7M | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.677% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0069% | 4h | 1.0640 | −0.075% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0661 | +0.122% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0641 | −0.065% | $263K | $296K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0645 | −0.024% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0627 | −0.196% | $5.9M | $9.2M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0632 | −0.150% | $3.2M | $3.6M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0641 | −0.065% | $958K | $1.0M | 50x | as long as short |
OKX AXS-USDT-SWAP
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
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 | 1.0633 | −0.140% | $11.1M | $725K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0650 | +0.019% | $582K | $295K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0640 | −0.075% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTshort | +0.0100% | 4h | 1.0637 | −0.103% | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0637 | −0.100% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0639 | −0.088% | $759K | $870K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0639 | −0.084% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0638 | −0.094% | $681 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0633 | −0.140% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0124% | 4h | 1.0638 | −0.094% | $271K | $17K | 75x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT