Funding you earn now, next payment 22:00 UTC+0.0439%/8h= +48.1% APRpaid last 24h +0.017%
Price spread now: MEXC against Kraken Futures−0.166%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.166%, 7d avg −0.129%
=Funding pays, the price is against you. MEXC is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.129%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.120% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% 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 | 1.0609 | −0.0339 | get 0.0042% / 1h | 6m 02s | $138K | $322K | 20x |
| Short | MEXC AXS_USDT | 1.0591 | 0.0100 | get 0.0050% / 4h | 2h 06m | $11.1M | $764K | 50x |
Kraken Futures PF_AXSUSD
MEXC AXS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $92.2
- Price spread: −0.166% → −0.129%
- −$3.66
- Slippage, 4 orders
- −$32.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $41.99
- Costs to cover
- 0.466%
- Break-even
- 3.8 days
Slippage from Kraken Futures: live order book, 17 min ago; MEXC: live order book, 2 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, 17 min ago | 6.09 bp | 17.3 bp −$17 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.94 bp | 4.6 bp −$5 | 37.4 bp −$374 | 56.0 bp −$5,602 | 100.8 bp −$50.4K |
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 | −0.0339% | 1h | 1.0609 | long leg | $138K | $322K | 20x | |
| OKX AXS-USDT-SWAP | +0.0017% | 4h | 1.0594 | −0.137% | $1.4M | $2.7M | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +1.050% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0073% | 4h | 1.0600 | −0.081% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0618 | +0.089% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0598 | −0.100% | $260K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0602 | −0.058% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0597 | −0.109% | $5.9M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0591 | −0.166% | $3.2M | $3.6M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0608 | −0.005% | $957K | $1.0M | 50x | as long as short |
OKX AXS-USDT-SWAP
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDTshort | +0.0100% | 4h | 1.0591 | −0.166% | $11.1M | $764K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0600 | −0.081% | $582K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0600 | −0.081% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0596 | −0.118% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0610 | +0.011% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0620 | +0.110% | $758K | $907K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0592 | −0.156% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0592 | −0.156% | $696 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0593 | −0.150% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0145% | 4h | 1.0613 | +0.042% | $272K | $29K | 75x | as long as short |
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