Funding you earn now, next payment 00:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.028%
Price spread now: SunX against Kraken Futures−0.050%7-day average −0.103% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.050%, 7d avg −0.103%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SunX is 0.053% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.103%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% 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 | 1.0813 | −0.0239 | get 0.0030% / 1h | 26m 46s | $141K | $312K | 20x |
| Short | SunX AXS-USDT | 1.0808 | 0.0100 | get 0.0050% / 4h | 26m 46s | $2K | $1.3M | 20x |
Kraken Futures PF_AXSUSD
SunX AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $71.09
- Price spread: −0.050% → −0.103%
- $5.34
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $58.43
- Costs to cover
- 0.180%
- Break-even
- 1.2 days
Slippage unknown: Kraken Futures: live order book, 51 min ago; SunX: live order book, 7 min ago. 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, 51 min ago | 3.76 bp | 19.0 bp −$19 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 500.32 bp | doesn't fit | doesn't fit | 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 | −0.0239% | 1h | 1.0813 | long leg | $141K | $312K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.864% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0810 | −0.031% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0830 | +0.154% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0808 | −0.050% | $266K | $300K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0805 | −0.081% | $75K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0810 | −0.029% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0818 | +0.043% | $3.7M | $4.0M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0811 | −0.022% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0813 | −0.004% | $973K | $1.0M | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0803 | −0.096% | $11.5M | $749K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0810 | −0.031% | $613K | $307K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0810 | −0.031% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0813 | −0.004% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0821 | +0.073% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0804 | −0.083% | $772K | $892K | 10x | as long as short |
| SunX AXS-USDTshort | +0.0100% | 4h | 1.0808 | −0.050% | $2K | $1.3M | 20x | |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0805 | −0.077% | $708 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0804 | −0.087% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0124% | 4h | 1.0799 | −0.133% | $275K | $17K | 75x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT