Funding you earn now, next payment 22:00 UTC−0.0434%/8h= −47.6% APRnext payment −$0.54 per $10,000 · paid last 24h −0.016%
Price spread now: Kraken Futures against Lighter−0.172%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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.172% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AXS | 1.0644 | 0.0096 | pay 0.0012% / 1h | 10m 24s | $28K | $36K | 5x |
| Short | Kraken Futures PF_AXSUSD | 1.0626 | −0.0338 | pay 0.0042% / 1h | 10m 24s | $139K | $322K | 20x |
Lighter AXS
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$91.24
- Price spread: −0.172% → 0.000%
- −$17.2
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$118.45
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Kraken Futures: live order book, 12 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 Kraken Futures live order book, 12 min ago | 6.09 bp | 19.5 bp −$19 | 68.1 bp −$681 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSDshort | −0.0338% | 1h | 1.0626 | −0.172% | $139K | $322K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.714% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAP | +0.0054% | 4h | 1.0623 | −0.197% | $1.4M | $2.7M | 20x | as long as short |
| BloFin AXS-USDT | +0.0069% | 4h | 1.0611 | −0.310% | $272K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0075% | 4h | 1.0610 | −0.319% | $3K | — | 10x | as long as short |
| Lighter AXSlong | +0.0096% | 1h | 1.0644 | long leg | $28K | $36K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0622 | −0.207% | $261K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0626 | −0.165% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0622 | −0.210% | $5.9M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0617 | −0.254% | $3.2M | $3.6M | 75x | as long as short |
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0640 | −0.038% | $959K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0621 | −0.216% | $11.1M | $764K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | −0.132% | $583K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0620 | −0.225% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0620 | −0.225% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0610 | −0.322% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0630 | −0.133% | $759K | $907K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0615 | −0.272% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0614 | −0.282% | $704 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0617 | −0.257% | $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