AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against BingX0.000%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg −0.001%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AXS-USDT	1.0801	0.0100	pay 0.0050% / 4h	18m 39s	—	$2.6M	—
Short	BloFin AXS-USDT	1.0801	0.0046	get 0.0023% / 4h	18m 39s	$274K	$17K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$11.32
Price spread: 0.000% → −0.001%: $0.08
Slippage, 4 orders: −$40
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$73.24
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 53 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 BingX live order book, 1 min ago	4.63 bp	17.2 bp −$17	38.7 bp −$387	339.3 bp −$33.9K	474.0 bp −$237.0K
Sell BloFin live order book, 53 min ago	0.47 bp	16.1 bp −$16	31.1 bp −$311	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
Kraken Futures PF_AXSUSD	−0.0238%	1h	1.0818	+0.155%	$141K	$314K	20x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	−0.750%	$5	$47K	5.5x	as long as short
BloFin AXS-USDTshort	+0.0046%	4h	1.0801	0.000%	$274K	$17K	75x
Orderly PERP_AXS_USDC	+0.0080%	4h	1.0810	+0.083%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0814	+0.120%	$29K	$36K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0804	+0.025%	$266K	$301K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0799	−0.019%	$74K	$12K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0791	−0.093%	$6.1M	$9.6M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0807	+0.056%	$3.7M	$4.0M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0791	−0.093%	$1.4M	$2.9M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AXS_USDT	+0.0100%	8h	1.0799	−0.019%	$972K	$1.0M	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0790	−0.102%	$11.5M	$750K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0790	−0.102%	$612K	$306K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0800	−0.009%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDTlong	+0.0100%	4h	1.0801	long leg	—	$2.6M	—
Variational Omni AXS	+0.0100%	8h	1.0822	+0.195%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0781	−0.182%	$770K	$892K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0817	+0.148%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0805	+0.037%	$708	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0792	−0.084%	$7K	$156K	10x	as long as short