Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against Lighter+0.610%66s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 0.610% dearer against Lighter than usual: you sell high and buy low (spread +0.610% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AXS | 1.0655 | 0.0096 | pay 0.0012% / 1h | 30m 14s | $28K | $36K | 5x |
| Short | Injective AXS/USDC PERP | 1.0720 | 0.0033 | get 0.0004% / 1h | 30m 14s | $5 | $47K | 5.5x |
Lighter AXS
Injective AXS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: +0.610% → 0.000%
- $61
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $47.82
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Lighter and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0338% | 1h | 1.0642 | −0.120% | $139K | $325K | 20x | as long as short |
| Injective AXS/USDC PERPshort | +0.0033% | 1h | 1.0720 | +0.610% | $5 | $47K | 5.5x | |
| BloFin AXS-USDT | +0.0044% | 4h | 1.0626 | −0.272% | $271K | $31K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0077% | 4h | 1.0630 | −0.235% | $3K | — | 10x | as long as short |
| Lighter AXSlong | +0.0096% | 1h | 1.0655 | long leg | $28K | $36K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0636 | −0.178% | $261K | $294K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0638 | −0.159% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0632 | −0.216% | $5.9M | $9.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0628 | −0.253% | $3.2M | $3.6M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0626 | −0.272% | $1.4M | $2.7M | 20x | as long as short |
Kraken Futures PF_AXSUSD
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0631 | −0.225% | $959K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0631 | −0.225% | $11.1M | $763K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | −0.235% | $573K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0630 | −0.235% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0630 | −0.235% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0625 | −0.281% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0615 | −0.375% | $757K | $914K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0633 | −0.206% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0630 | −0.235% | $705 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0630 | −0.239% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD