AXL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BloFin−0.096%61s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.022% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.096%, 7d avg −0.018%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.078% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AXL-USDT	0.05205	0.0110	pay 0.0055% / 4h	1h 00m	$117K	$10K	50x
Short	Binance AXLUSDT	0.05200	0.0100	get 0.0050% / 4h	1h 00m	$1.8M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now −0.096%Rate

Funding earned: −$2.05
Price spread: −0.096% → −0.018%: −$7.76
Slippage, 4 orders: −$80.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.98
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 5 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 BloFin live order book, 6 min ago	0.96 bp	24.0 bp −$24	65.9 bp −$659	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.96 bp	33.2 bp −$33	171.9 bp −$1,719	doesn't fit	doesn't fit

AXL on 9 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
BingX AXL-USDT	+0.0070%	4h	0.05201	−0.077%	—	$2.3M	—	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05202	−0.066%	$34K	$6K	5x	as long as short
Binance AXLUSDTshort	+0.0100%	4h	0.05200	−0.096%	$1.8M	$3.0M	50x
Bybit AXLUSDT	+0.0100%	4h	0.05202	−0.058%	$1.5M	$1.3M	25x	as long as short
MEXC AXL_USDT	+0.0100%	4h	0.05200	−0.096%	$319K	$163K	50x	as long as short
KuCoin AXLUSDTM	+0.0100%	4h	0.05208	+0.058%	$437K	$72K	30x	as long as short
Bitget AXLUSDT	+0.0100%	4h	0.05199	−0.115%	$560K	$299K	50x	as long as short
Variational Omni AXL	+0.0100%	4h	0.05204	−0.017%	$6K	$23K	—	as long as short
BloFin AXL-USDTlong	+0.0110%	4h	0.05205	long leg	$117K	$10K	50x