Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.020%
Price spread now: Bybit against Orderly+0.130%7-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—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.130% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread 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 | Orderly PERP_AXS_USDC | 1.0800 | 0.0078 | pay 0.0039% / 4h | 28m 07s | $3K | — | 10x |
| Short | Bybit AXSUSDT | 1.0814 | 0.0100 | get 0.0100% / 8h | 28m 07s | $3.7M | $4.0M | 75x |
Orderly PERP_AXS_USDC
Bybit AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- $4.52
- Price spread: +0.130% → 0.000%
- $12.96
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $0.48
- Costs to cover
- 0.170%
- Break-even
- 6.3 days
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.38 bp | 24.6 bp −$25 | 77.2 bp −$772 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0239% | 1h | 1.0810 | +0.095% | $141K | $312K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.741% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDClong | +0.0078% | 4h | 1.0800 | long leg | $3K | — | 10x | |
| BloFin AXS-USDT | +0.0082% | 4h | 1.0803 | +0.028% | $274K | $17K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0821 | +0.194% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0805 | +0.046% | $266K | $300K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0806 | +0.054% | $75K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0797 | −0.028% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0814 | +0.130% | $3.7M | $4.0M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0801 | +0.009% | $1.4M | $2.9M | 20x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0813 | +0.120% | $973K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0798 | −0.019% | $11.5M | $749K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0810 | +0.093% | $613K | $306K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0810 | +0.093% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0812 | +0.111% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0821 | +0.197% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0804 | +0.041% | $772K | $892K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0814 | +0.130% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0804 | +0.037% | $710 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0801 | +0.007% | $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