Funding you earn now, next payment 22:00 UTC+0.0434%/8h= +47.6% APRnext payment +$0.54 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Kraken Futures+0.125%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.125% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AXSUSD | 1.0626 | −0.0338 | get 0.0042% / 1h | 9m 05s | $139K | $322K | 20x |
| Short | Lighter AXS | 1.0639 | 0.0096 | get 0.0012% / 1h | 9m 05s | $28K | $36K | 5x |
Kraken Futures PF_AXSUSD
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $91.24
- Price spread: +0.125% → 0.000%
- $12.48
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $93.72
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 14 min ago; Lighter: no order-book sample. Net counts fees only.
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, 14 min ago | 6.09 bp | 17.3 bp −$17 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.0626 | long leg | $139K | $322K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.887% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAP | +0.0037% | 4h | 1.0620 | −0.054% | $1.4M | $2.7M | 20x | as long as short |
| Orderly PERP_AXS_USDC | +0.0075% | 4h | 1.0610 | −0.148% | $3K | — | 10x | as long as short |
| BloFin AXS-USDT | +0.0085% | 4h | 1.0621 | −0.045% | $273K | $30K | 75x | as long as short |
| Lighter AXSshort | +0.0096% | 1h | 1.0639 | +0.125% | $28K | $36K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0617 | −0.082% | $261K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0627 | +0.008% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0615 | −0.101% | $5.9M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0612 | −0.129% | $3.2M | $3.6M | 75x | as long as short |
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
Orderly PERP_AXS_USDC
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 | 1.0638 | +0.115% | $959K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0614 | −0.111% | $11.1M | $764K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0620 | −0.054% | $583K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0620 | −0.054% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0617 | −0.082% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0610 | −0.151% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0616 | −0.094% | $758K | $907K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0618 | −0.073% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0613 | −0.120% | $702 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0613 | −0.117% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
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