Funding you earn now, next payment 23:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.023%
Price spread now: KuCoin against Kraken Futures+0.052%7-day average −0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$2032.027% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.052%, 7d avg −0.109%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and KuCoin is 0.161% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.109%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% 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 | 1.0644 | −0.0476 | get 0.0059% / 1h | 8m 14s | $139K | $308K | 20x |
| Short | KuCoin AXSUSDTM | 1.0650 | 0.0100 | get 0.0050% / 4h | 1h 08m | $589K | $297K | 50x |
Kraken Futures PF_AXSUSD
KuCoin AXSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $120.93
- Price spread: +0.052% → −0.109%
- $16.06
- Slippage, 4 orders
- −$180.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$65.66
- Costs to cover
- 2.027%
- Break-even
- 10.8 days
Slippage from Kraken Futures: live order book, 9 min ago; KuCoin: live order book, 64 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 | 3.76 bp | 19.0 bp −$19 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 9.42 bp | 88.9 bp −$89 | 254.3 bp −$2,543 | 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 | −0.0476% | 1h | 1.0644 | long leg | $139K | $308K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.709% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0075% | 4h | 1.0640 | −0.042% | $3K | — | 10x | as long as short |
| OKX AXS-USDT-SWAP | +0.0086% | 4h | 1.0637 | −0.070% | $1.4M | $2.7M | 20x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0663 | +0.174% | $28K | $36K | 5x | as long as short |
| BloFin AXS-USDT | +0.0099% | 4h | 1.0641 | −0.033% | $273K | $17K | 75x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0645 | +0.005% | $262K | $296K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0648 | +0.036% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0638 | −0.064% | $5.9M | $9.2M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0640 | −0.042% | $3.2M | $3.6M | 75x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
OKX AXS-USDT-SWAP
Lighter AXS
BloFin AXS-USDT
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0643 | −0.014% | $957K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0644 | −0.005% | $11.1M | $730K | 50x | as long as short |
| KuCoin AXSUSDTMshort | +0.0100% | 4h | 1.0650 | +0.052% | $589K | $297K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0630 | −0.136% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0638 | −0.061% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0629 | −0.150% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0630 | −0.139% | $755K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0643 | −0.014% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0636 | −0.080% | $695 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0635 | −0.085% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD