Funding you earn now, next payment 09:00 UTC+0.0362%/8h= +39.7% APRpaid last 24h +0.012%
Price spread now: Kraken Futures against OKX+0.125%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$880.878% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.125%, 7d avg +0.122%
=The price spread sits at its 7-day average of +0.122%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% 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 | OKX AXS-USDT-SWAP | 1.0736 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $1.5M | $3.0M | 20x |
| Short | Kraken Futures PF_AXSUSD | 1.0749 | 0.0462 | get 0.0058% / 1h | 1m 49s | $146K | $332K | 20x |
OKX AXS-USDT-SWAP
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $76.07
- Price spread: +0.125% → +0.122%
- $0.32
- Slippage, 4 orders
- −$67.82
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.43
- Costs to cover
- 0.878%
- Break-even
- 8.1 days
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 31 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 OKX live order book, 5 min ago | 0.47 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 31 min ago | 7.06 bp | 28.8 bp −$29 | 106.7 bp −$1,067 | 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 | 1.0580 | −1.453% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0086% | 4h | 1.0738 | +0.019% | $281K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0740 | +0.037% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0764 | +0.261% | $37K | $42K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0741 | +0.047% | $256K | $702K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0745 | +0.080% | $73K | $15K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0737 | +0.011% | $6.0M | $10.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0741 | +0.047% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAPlong | +0.0100% | 4h | 1.0736 | long leg | $1.5M | $3.0M | 20x | |
| Gate AXS_USDT | +0.0100% | 8h | 1.0736 | 0.000% | $848K | $525K | 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
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 | 1.0736 | 0.000% | $11.6M | $717K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0740 | +0.037% | $592K | $267K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0740 | +0.037% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0740 | +0.037% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0739 | +0.030% | $37K | $840 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0734 | −0.021% | $769K | $857K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0735 | −0.009% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0738 | +0.019% | $787 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0734 | −0.019% | $7K | $249K | 10x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0462% | 1h | 1.0749 | +0.125% | $146K | $332K | 20x |
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