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

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.010%
Price spread now: BloFin against Lighter−0.093%90s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. BloFin is 0.093% cheaper against Lighter than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.07210.0096pay 0.0012% / 1h15m 45s$36K$39K5x
ShortBloFin AXS-USDT1.07110.0117get 0.0059% / 4h2h 15m$277K$30K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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
$4.47
Price spread: −0.093% → 0.000%
−$9.33
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$16.85
Costs to cover
0.120%
Break-even
33.4 days
Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell BloFin live order book, 56 min ago1.40 bp15.9 bp −$1632.5 bp −$325doesn't fitdoesn't fit
Lighter: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP+0.0033%1h1.0580−1.315%$1K$48K5.5xas long as short
Lighter AXSlong+0.0096%1h1.0721long leg$36K$39K5x
Orderly PERP_AXS_USDC+0.0097%4h1.0710−0.103%$3K10xas long as short
Hyperliquid AXS+0.0100%1h1.0715−0.056%$270K$676K5xas long as short
Aster AXSUSDT+0.0100%4h1.0707−0.133%$73K$15K10xas long as short
Binance AXSUSDT+0.0100%4h1.0706−0.137%$6.0M$10.8M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0706−0.140%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0702−0.177%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0712−0.084%$848K$830K50xas long as short
MEXC AXS_USDT+0.0100%4h1.0712−0.084%$11.5M$674K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin AXSUSDTM+0.0100%4h1.0700−0.196%$584K$289K50xas long as short
Bitget AXSUSDT+0.0100%4h1.0710−0.103%$3.1M$1.2M50xas long as short
BingX AXS-USDT+0.0100%4h1.0705−0.149%$2.6Mas long as short
Variational Omni AXS+0.0100%8h1.0707−0.128%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0685−0.340%$766K$896K10xas long as short
SunX AXS-USDT+0.0100%4h1.0719−0.019%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0709−0.112%$761$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0707−0.129%$10K$228K10xas long as short
BloFin AXS-USDTshort+0.0117%4h1.0711−0.093%$277K$30K75x
Kraken Futures PF_AXSUSD+0.0413%1h1.0719−0.020%$142K$352K20xas long as short