Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.009%
Price spread now: Bybit against BloFin0.000%62s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as 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−$790.786% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now 0.000%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.034% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 62 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 AXS-USDT | 1.0651 | 0.0133 | pay 0.0067% / 4h | 16m 12s | $282K | $29K | 75x |
| Short | Bybit AXSUSDT | 1.0651 | 0.0100 | get 0.0100% / 8h | 16m 12s | $3.7M | $4.3M | 75x |
BloFin AXS-USDT
Bybit AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$6.96
- Price spread: 0.000% → +0.034%
- −$3.44
- Slippage, 4 orders
- −$55.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$88.97
- Costs to cover
- 0.786%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 46 min ago; Bybit: live order book, 1 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, 46 min ago | 0.47 bp | 13.9 bp −$14 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.29 bp | 26.5 bp −$26 | 130.4 bp −$1,304 | 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 | −0.667% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0650 | −0.009% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0676 | +0.235% | $36K | $43K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0652 | +0.009% | $256K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0649 | −0.017% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0650 | −0.005% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0651 | 0.000% | $3.7M | $4.3M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0646 | −0.047% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0637 | −0.131% | $841K | $535K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0674 | +0.216% | $11.6M | $705K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0650 | −0.009% | $587K | $280K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | −0.009% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0621 | −0.280% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0640 | −0.103% | $762K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0655 | +0.038% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0648 | −0.028% | $761 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0646 | −0.046% | $8K | $251K | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0133% | 4h | 1.0651 | long leg | $282K | $29K | 75x | |
| BingX AXS-USDT | +0.0200% | 4h | 1.0646 | −0.047% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSD | +0.0650% | 1h | 1.0659 | +0.076% | $145K | $350K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BingX AXS-USDT
Kraken Futures PF_AXSUSD