AXON

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetAXONUSDT	417.73	0	0.0000% / 8h	3h 12m	$627K	$146K	20x	Long Bitget
SHORT	MEXCAXONSTOCK_USDT	417.85	−0.1395	pay 0.1395% / 8h	3h 12m	$1.5M	$95K	20x	Short MEXC

Price gap+0.029%

Funding gap−0.1395% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $42 a day and eats that in about 2 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$211−0.1395% /8h now · paid +2.106% over the last 7D

Price+$3spread +0.029% now, avg +0.001% → +0.028% if it goes back

Costs−$1511.507% of $10k · taker + slippage, in and out

Result+$63+0.63%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.029%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

AXON on 4 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size63.2 / 18.7 bp
At $10k entering Bitget costs 63.2 bp, fee and slippage, 3.4× MEXC’s.
Note: Margin at max leverage$500 + $500
Bitget 20x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$41.85Long Bitget: 3 payments, $0.00; short MEXC: 3 payments, −$41.85.
OK: Entry gap works for you+0.029% vs +0.001%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$627K vs $1.5M OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBitget Yes · MEXC Yes
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.1003%/8h × 21 periods+$210.55

Price spread+0.029% → +0.001% (7d avg)+$2.77

Slippage, 4 orderslive order books−$138.73

Fee Bitget bp × 2 orders−$12.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k+$62.59

Costs to cover1.507%Break-even4.9 days

Slippage: Bitget: live order book, 3 min ago; MEXC: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget24.6563.2 bp−$6372.5 bp−$725doesn’t fitdoesn’t fit

SELL · SHORTMEXC18.6618.7 bp−$1928.3 bp−$283164.5 bp−$16.5Kdoesn’t fit

Closing costs about the same again.