Funding you earn now, next payment 22:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.017%
Price spread now: Bybit against Kraken Futures−0.089%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)−0.025%−$3 · spread now −0.089%, 7d avg −0.082%
=The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: +$13 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 0.089% in total (about 4.6% 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 | 1.0645 | −0.0338 | get 0.0042% / 1h | 28m 56s | $139K | $325K | 20x |
| Short | Bybit AXSUSDT | 1.0636 | 0.0100 | get 0.0100% / 8h | 2h 28m | $3.2M | $3.6M | 75x |
Kraken Futures PF_AXSUSD
Bybit AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $91.95
- Price spread: −0.089% → −0.082%
- −$0.64
- Slippage, 4 orders
- −$85.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.28
- Costs to cover
- 1.066%
- Break-even
- 8.2 days
Slippage from Kraken Futures: live order book, 58 min ago; Bybit: 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, 58 min ago | 3.28 bp | 19.7 bp −$20 | 81.0 bp −$810 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.47 bp | 29.4 bp −$29 | 89.9 bp −$899 | 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 | −0.0338% | 1h | 1.0645 | long leg | $139K | $325K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.700% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0077% | 4h | 1.0630 | −0.145% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0660 | +0.137% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0641 | −0.042% | $262K | $294K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0639 | −0.065% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0640 | −0.051% | $5.9M | $9.4M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0636 | −0.089% | $3.2M | $3.6M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0633 | −0.117% | $1.4M | $2.7M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0632 | −0.126% | $959K | $1.0M | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0632 | −0.126% | $11.1M | $763K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0640 | −0.051% | $574K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0630 | −0.145% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0636 | −0.089% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0625 | −0.192% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0628 | −0.162% | $758K | $914K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0633 | −0.117% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0636 | −0.089% | $702 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0639 | −0.063% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0157% | 4h | 1.0630 | −0.145% | $271K | $30K | 75x | 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
Extended AXS-USD
BloFin AXS-USDT