Funding you earn now, next payment 04:00 UTC−0.0341%/8h= −37.4% APRpaid last 24h +0.029%
Price spread now: Bitget against Kraken Futures−0.082%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.082%, 7d avg −0.113%
=The price spread pays, funding is against you. Bitget is 0.031% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.113%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% 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 | 1.0649 | 0.0441 | pay 0.0055% / 1h | 48m 49s | $138K | $348K | 20x |
| Short | Bitget AXSUSDT | 1.0640 | 0.0100 | get 0.0050% / 4h | 48m 49s | $3.1M | $1.2M | 50x |
Kraken Futures PF_AXSUSD
Bitget AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$71.66
- Price spread: −0.082% → −0.113%
- $3.1
- Slippage, 4 orders
- −$67.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$157.85
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 9 min ago; Bitget: live order book, 4 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, 9 min ago | 2.34 bp | 17.8 bp −$18 | 91.6 bp −$916 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.69 bp | 20.0 bp −$20 | 50.9 bp −$509 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.670% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0071% | 4h | 1.0658 | +0.087% | $276K | $24K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0640 | −0.082% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0668 | +0.181% | $32K | $41K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0651 | +0.022% | $257K | $311K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0645 | −0.034% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0633 | −0.147% | $6.0M | $10.1M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0651 | +0.022% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0639 | −0.091% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0642 | −0.063% | $848K | $897K | 50x | as long as short |
Injective AXS/USDC PERP
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0641 | −0.072% | $11.3M | $667K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0650 | +0.012% | $597K | $300K | 50x | as long as short |
| Bitget AXSUSDTshort | +0.0100% | 4h | 1.0640 | −0.082% | $3.1M | $1.2M | 50x | |
| BingX AXS-USDT | +0.0100% | 4h | 1.0637 | −0.110% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0667 | +0.173% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0688 | +0.367% | $760K | $876K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0643 | −0.054% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0638 | −0.101% | $743 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0634 | −0.138% | $7K | $243K | 10x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0441% | 1h | 1.0649 | long leg | $138K | $348K | 20x |
MEXC AXS_USDT
KuCoin AXSUSDTM
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD