Funding you earn now, next payment 06:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h −0.007%
Price spread now: Kraken Futures against Binance+0.090%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$770.767% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.090%, 7d avg +0.115%
=Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against Binance than usual: you would sell low and buy high (spread +0.090% now, against its 7-day average of +0.115%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% 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 | Binance AXSUSDT | 1.0747 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $6.1M | $10.8M | 75x |
| Short | Kraken Futures PF_AXSUSD | 1.0756 | 0.0411 | get 0.0051% / 1h | 4m 01s | $142K | $354K | 20x |
Binance AXSUSDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $65.41
- Price spread: +0.090% → +0.115%
- −$2.47
- Slippage, 4 orders
- −$56.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$13.8
- Costs to cover
- 0.767%
- Break-even
- 8.5 days
Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 44 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 Binance live order book, 6 min ago | 0.47 bp | 13.5 bp −$13 | 39.1 bp −$391 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 44 min ago | 3.27 bp | 25.1 bp −$25 | 93.5 bp −$935 | 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 | −1.549% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0056% | 4h | 1.0753 | +0.060% | $276K | $30K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0772 | +0.237% | $37K | $39K | 5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0750 | +0.033% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0754 | +0.070% | $260K | $682K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0754 | +0.067% | $73K | $18K | 10x | as long as short |
| Binance AXSUSDTlong | +0.0100% | 4h | 1.0747 | long leg | $6.1M | $10.8M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0748 | +0.014% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0741 | −0.051% | $1.4M | $3.1M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0745 | −0.014% | $851K | $831K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
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 | 1.0741 | −0.051% | $11.5M | $676K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0740 | −0.061% | $582K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0750 | +0.033% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0747 | +0.005% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0752 | +0.048% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0745 | −0.017% | $765K | $910K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0749 | +0.023% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0745 | −0.014% | $767 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0744 | −0.022% | $10K | $228K | 10x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0411% | 1h | 1.0756 | +0.090% | $142K | $354K | 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