Settings8H · net · $10k
Funding arb · Price arb /

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.147%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2092.094% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.147%, 7d avg +0.074%
Together, before fees−0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.073% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AXSUSDTM1.08500.0100pay 0.0050% / 4h55m 17s$615K$306K50x
ShortHyperliquid AXS1.08660.0100get 0.0013% / 1h55m 17s$267K$297K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.147% → +0.074%
$7.31
Slippage, 4 orders
−$188.42
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$202.12
Costs to cover
2.094%
Break-even
never at this rate
Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 8 min ago9.30 bp95.0 bp −$95425.6 bp −$4,256doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago2.78 bp24.4 bp −$24doesn't fitdoesn't fitdoesn't fit

AXS on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AXSUSD−0.0238%1h1.0858+0.074%$142K$310K20xas long as short
Injective AXS/USDC PERP+0.0033%1h1.0720−1.198%$5$47K5.5xas long as short
Orderly PERP_AXS_USDC+0.0073%4h1.0860+0.092%$3K10xas long as short
BloFin AXS-USDT+0.0078%4h1.0858+0.074%$276K$17K75xas long as short
Lighter AXS+0.0096%1h1.0884+0.313%$29K$36K5xas long as short
Hyperliquid AXSshort+0.0100%1h1.0866+0.147%$267K$297K5x
Aster AXSUSDT+0.0100%4h1.0866+0.149%$75K$11K10xas long as short
Binance AXSUSDT+0.0100%4h1.0858+0.077%$6.1M$9.5M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0870+0.184%$3.8M$4.0M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0858+0.074%$1.4M$2.9M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate AXS_USDT+0.0100%8h1.0865+0.138%$978K$1.0M50xas long as short
MEXC AXS_USDT+0.0100%4h1.0857+0.065%$11.5M$741K50xas long as short
KuCoin AXSUSDTMlong+0.0100%4h1.0850long leg$615K$306K50x
Bitget AXSUSDT+0.0100%4h1.0860+0.092%$3.2M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0862+0.111%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0849−0.013%$37K$4Kas long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0819−0.286%$769K$867K10xas long as short
SunX AXS-USDT+0.0100%4h1.0866+0.147%$2K$1.3M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0857+0.065%$706$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0858+0.072%$7K$156K10xas long as short