Funding you earn now, next payment 08:00 UTC−0.0549%/8h= −60.1% APRpaid last 24h −0.022%
Price spread now: Orderly against Kraken Futures−0.124%7-day average — · you buy dearer than you sell
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—needs both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Orderly is 0.124% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AXSUSD | 1.0713 | 0.0646 | pay 0.0081% / 1h | 39m 28s | $145K | $350K | 20x |
| Short | Orderly PERP_AXS_USDC | 1.0700 | 0.0097 | get 0.0049% / 4h | 39m 28s | $3K | — | 10x |
Kraken Futures PF_AXSUSD
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$115.33
- Price spread: −0.124% → 0.000%
- −$12.39
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$143.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 63 min ago; Orderly: 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, 63 min ago | 2.80 bp | 24.5 bp −$25 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −1.244% | $1K | $48K | 5.5x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0720 | +0.063% | $36K | $43K | 5x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0097% | 4h | 1.0700 | −0.124% | $3K | — | 10x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0703 | −0.096% | $258K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0706 | −0.065% | $73K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0692 | −0.199% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0703 | −0.096% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0702 | −0.105% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0708 | −0.049% | $847K | $535K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0698 | −0.143% | $11.5M | $696K | 50x | as long as short |
Injective AXS/USDC PERP
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 | 1.0700 | −0.124% | $587K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | −0.124% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0718 | +0.043% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0716 | +0.026% | $764K | $876K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0707 | −0.059% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0702 | −0.105% | $760 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0692 | −0.203% | $8K | $251K | 10x | as long as short |
| BloFin AXS-USDT | +0.0143% | 4h | 1.0712 | −0.012% | $279K | $30K | 75x | as long as short |
| BingX AXS-USDT | +0.0200% | 4h | 1.0700 | −0.124% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0646% | 1h | 1.0713 | long leg | $145K | $350K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
BingX AXS-USDT