Funding you earn now, next payment 09:00 UTC−0.0360%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h −0.011%
Price spread now: Extended against Kraken Futures−0.248%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.248%, 7d avg −0.152%
=Together, before fees+0.121%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.097% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.152%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.087%, 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 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 per $10,000. 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 | 1.0699 | 0.0464 | pay 0.0058% / 1h | 51m 18s | $146K | $348K | 20x |
| Short | Extended AXS-USD | 1.0673 | 0.0104 | get 0.0013% / 1h | 51m 18s | $7K | $250K | 10x |
Kraken Futures PF_AXSUSD
Extended AXS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$75.69
- Price spread: −0.248% → −0.152%
- −$9.66
- Slippage, 4 orders
- −$84.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$185.17
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 46 min ago; Extended: live order book, 45 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, 46 min ago | 2.34 bp | 19.4 bp −$19 | 74.1 bp −$741 | doesn't fit | doesn't fit |
| Sell Extended live order book, 45 min ago | 1.55 bp | 24.9 bp −$25 | 198.6 bp −$1,986 | 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 | 1.0580 | −1.115% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0680 | −0.180% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0708 | +0.082% | $36K | $42K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0687 | −0.115% | $256K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0675 | −0.224% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0679 | −0.193% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0678 | −0.199% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0689 | −0.096% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0676 | −0.217% | $844K | $524K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0679 | −0.189% | $11.6M | $703K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0670 | −0.274% | $589K | $278K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0670 | −0.274% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0681 | −0.171% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0671 | −0.267% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0660 | −0.368% | $763K | $873K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0678 | −0.199% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0685 | −0.133% | $776 | $3K | 5x | as long as short |
| Extended AXS-USDshort | +0.0104% | 1h | 1.0673 | −0.248% | $7K | $250K | 10x | |
| BloFin AXS-USDT | +0.0104% | 4h | 1.0670 | −0.274% | $280K | $29K | 75x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0464% | 1h | 1.0699 | long leg | $146K | $348K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
BloFin AXS-USDT