Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bybit against Lighter−0.185%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.185% cheaper against Lighter than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AXS | 1.0782 | 0.0096 | pay 0.0012% / 1h | 1m 04s | $33K | $41K | 5x |
| Short | Bybit AXSUSDT | 1.0762 | 0.0100 | get 0.0100% / 8h | 4h 01m | $3.7M | $4.2M | 75x |
Lighter AXS
Bybit AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- $0.84
- Price spread: −0.185% → 0.000%
- −$18.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.71
- Costs to cover
- 0.110%
- Break-even
- 246.2 days
Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 2 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 1.86 bp | 25.5 bp −$25 | 99.0 bp −$990 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.575% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0760 | −0.204% | $3K | — | 10x | as long as short |
| Lighter AXSlong | +0.0096% | 1h | 1.0782 | long leg | $33K | $41K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0766 | −0.148% | $261K | $310K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0762 | −0.184% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0760 | −0.205% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0762 | −0.185% | $3.7M | $4.2M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0759 | −0.213% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0756 | −0.241% | $856K | $903K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0759 | −0.213% | $11.5M | $686K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0750 | −0.297% | $602K | $295K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0760 | −0.204% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0758 | −0.223% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0766 | −0.152% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0751 | −0.287% | $768K | $901K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0763 | −0.176% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0755 | −0.250% | $762 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0759 | −0.213% | $10K | $242K | 10x | as long as short |
| BloFin AXS-USDT | +0.0126% | 4h | 1.0760 | −0.204% | $277K | $25K | 75x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0436% | 1h | 1.0767 | −0.137% | $140K | $341K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Kraken Futures PF_AXSUSD