AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.027%

Price spread now: OKX against Kraken Futures−0.136%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$900.897% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.136%, 7d avg −0.120%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AXSUSD	1.0561	0.0195	pay 0.0024% / 1h	28m 05s	$148K	$318K	20x
Short	OKX AXS-USDT-SWAP	1.0547	0.0100	get 0.0050% / 4h	1h 28m	$1.4M	$2.6M	20x

Funding history

latest

Range statsloading…

OKX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.136%Rate

Slippage from Kraken Futures: live order book, 18 min ago; OKX: live order book, 2 min ago.

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, 18 min ago	4.70 bp	20.3 bp −$20	78.6 bp −$786	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.47 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit

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	+0.177%	$1K	$48K	5.5x	as long as short
SoDEX AXS-USD	+0.0082%	1h	1.0551	−0.098%	$450	$3K	5x	as long as short
Orderly PERP_AXS_USDC	+0.0086%	4h	1.0550	−0.107%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0576	+0.139%	$36K	$42K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0558	−0.032%	$251K	$680K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0563	+0.012%	$72K	$16K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0552	−0.091%	$5.9M	$9.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0560	−0.013%	$3.6M	$3.4M	75x	as long as short
OKX AXS-USDT-SWAPshort	+0.0100%	4h	1.0547	−0.136%	$1.4M	$2.6M	20x
Gate AXS_USDT	+0.0100%	8h	1.0556	−0.051%	$829K	$298K	50x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0557	−0.041%	$11.4M	$626K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0560	−0.013%	$583K	$229K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0560	−0.013%	$3.1M	$919K	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0555	−0.060%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0561	−0.003%	$38K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0550	−0.109%	$751K	$808K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0560	−0.013%	$2K	$1.1M	20x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0548	−0.122%	$8K	$251K	10x	as long as short
BloFin AXS-USDT	+0.0131%	4h	1.0557	−0.041%	$286K	$29K	75x	as long as short
Kraken Futures PF_AXSUSDlong	+0.0195%	1h	1.0561	long leg	$148K	$318K	20x