Funding you earn now, next payment 04:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h −0.029%
Price spread now: Kraken Futures against KuCoin−0.004%7-day average +0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2242.241% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.004%, 7d avg +0.111%
=Funding pays, the price is against you. Kraken Futures is 0.114% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.111%). If the spread goes back, that is −$11 on $10k: about 27 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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 | KuCoin AXSUSDTM | 1.0750 | 0.0100 | pay 0.0050% / 4h | 16m 54s | $602K | $298K | 50x |
| Short | Kraken Futures PF_AXSUSD | 1.0750 | 0.0437 | get 0.0055% / 1h | 16m 54s | $140K | $340K | 20x |
KuCoin AXSUSDTM
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $70.79
- Price spread: −0.004% → +0.111%
- −$11.42
- Slippage, 4 orders
- −$202.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$164.76
- Costs to cover
- 2.241%
- Break-even
- 23.3 days
Slippage from KuCoin: live order book, 67 min ago; Kraken Futures: live order book, 41 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 KuCoin live order book, 67 min ago | 4.64 bp | 102.8 bp −$103 | 459.9 bp −$4,599 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 min ago | 2.34 bp | 22.9 bp −$23 | 96.9 bp −$969 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.279% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0082% | 4h | 1.0738 | −0.112% | $275K | $24K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0740 | −0.093% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0763 | +0.121% | $33K | $41K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0742 | −0.070% | $259K | $310K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0734 | −0.144% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0745 | −0.042% | $6.1M | $10.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0748 | −0.019% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0735 | −0.140% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0747 | −0.028% | $856K | $900K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
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 | 1.0750 | 0.000% | $11.4M | $675K | 50x | as long as short |
| KuCoin AXSUSDTMlong | +0.0100% | 4h | 1.0750 | long leg | $602K | $298K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0740 | −0.093% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0743 | −0.065% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0728 | −0.205% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0721 | −0.270% | $763K | $900K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0736 | −0.130% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0738 | −0.112% | $747 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0747 | −0.028% | $10K | $244K | 10x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0437% | 1h | 1.0750 | −0.004% | $140K | $340K | 20x |
MEXC AXS_USDT
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD