Funding you earn now, next payment 23:00 UTC−0.0576%/8h= −63.1% APRpaid last 24h −0.033%
Price spread now: Kraken Futures against BingX+0.161%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.161%, 7d avg +0.108%
=The price spread pays, funding is against you. Kraken Futures is 0.053% dearer against BingX than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.108%): +$5 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.174% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% 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 | BingX AXS-USDT | 1.0627 | 0.0100 | pay 0.0050% / 4h | 1h 46m | — | $2.6M | — |
| Short | Kraken Futures PF_AXSUSD | 1.0644 | −0.0476 | pay 0.0059% / 1h | 46m 13s | $139K | $320K | 20x |
BingX AXS-USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$120.94
- Price spread: +0.161% → +0.108%
- $5.25
- Slippage, 4 orders
- −$56.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$191.93
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 36 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, 3 min ago | 4.71 bp | 19.7 bp −$20 | 41.3 bp −$413 | 338.0 bp −$33.8K | 470.3 bp −$235.2K |
| Sell Kraken Futures live order book, 36 min ago | 6.09 bp | 19.5 bp −$19 | 68.1 bp −$681 | 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_AXSUSDshort | −0.0476% | 1h | 1.0644 | +0.161% | $139K | $320K | 20x | |
| OKX AXS-USDT-SWAP | +0.0027% | 4h | 1.0633 | +0.056% | $1.4M | $2.7M | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.875% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0071% | 4h | 1.0630 | +0.028% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0659 | +0.301% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0635 | +0.075% | $261K | $293K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0638 | +0.104% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0635 | +0.075% | $5.9M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0633 | +0.056% | $3.2M | $3.6M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0639 | +0.113% | $959K | $1.0M | 50x | as long as short |
OKX AXS-USDT-SWAP
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
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 | 1.0630 | +0.028% | $11.1M | $720K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | +0.028% | $580K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0640 | +0.122% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTlong | +0.0100% | 4h | 1.0627 | long leg | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0626 | −0.013% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0630 | +0.028% | $751K | $882K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0630 | +0.028% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0635 | +0.075% | $679 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0631 | +0.040% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0149% | 4h | 1.0630 | +0.028% | $271K | $17K | 75x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT