Funding you earn now, next payment 08:00 UTC+0.0549%/8h= +60.1% APRpaid last 24h +0.022%
Price spread now: Kraken Futures against Orderly+0.124%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 +$16 a day on $10k at the current rate, and Kraken Futures is 0.124% dearer against Orderly than usual: you sell high and buy low: +$12 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 | 1.0700 | 0.0097 | pay 0.0049% / 4h | 39m 37s | $3K | — | 10x |
| Short | Kraken Futures PF_AXSUSD | 1.0713 | 0.0646 | get 0.0081% / 1h | 39m 37s | $145K | $350K | 20x |
Orderly PERP_AXS_USDC
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $115.33
- Price spread: +0.124% → 0.000%
- $12.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $111.73
- Costs to cover
- 0.160%
- Break-even
- 0.2 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 63 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 Kraken Futures live order book, 63 min ago | 2.80 bp | 21.3 bp −$21 | 92.2 bp −$922 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −1.121% | $1K | $48K | 5.5x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0720 | +0.187% | $36K | $43K | 5x | as long as short |
| Orderly PERP_AXS_USDClong | +0.0097% | 4h | 1.0700 | long leg | $3K | — | 10x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0698 | −0.019% | $258K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0706 | +0.059% | $73K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0692 | −0.075% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0703 | +0.028% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0699 | −0.009% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0718 | +0.168% | $848K | $535K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0695 | −0.047% | $11.5M | $693K | 50x | as long as short |
Injective AXS/USDC PERP
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit 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 | 1.0710 | +0.093% | $587K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | 0.000% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0718 | +0.167% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0716 | +0.150% | $764K | $876K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0707 | +0.065% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0702 | +0.019% | $760 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0692 | −0.079% | $8K | $251K | 10x | as long as short |
| BloFin AXS-USDT | +0.0143% | 4h | 1.0712 | +0.112% | $279K | $30K | 75x | as long as short |
| BingX AXS-USDT | +0.0200% | 4h | 1.0700 | 0.000% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0646% | 1h | 1.0713 | +0.124% | $145K | $350K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
BingX AXS-USDT