Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: MEXC against BloFin+0.047%79s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$360.359% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.047%, 7d avg −0.015%
=The price spread pays, funding is against you. MEXC is 0.062% dearer against BloFin than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.015%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 7 days (−0.131% in total) that is about 3.3 days. The two prices were read 79 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 | 1.0695 | 0.0130 | pay 0.0065% / 4h | 53m 58s | $281K | $30K | 75x |
| Short | MEXC AXS_USDT | 1.0700 | 0.0100 | get 0.0050% / 4h | 53m 58s | $11.5M | $692K | 50x |
BloFin AXS-USDT
MEXC AXS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$6.2
- Price spread: +0.047% → −0.015%
- $6.22
- Slippage, 4 orders
- −$19.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$35.87
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; MEXC: live order book, 4 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, 8 min ago | 0.47 bp | 13.9 bp −$14 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.40 bp | 4.5 bp −$4 | 38.7 bp −$387 | 56.4 bp −$5,641 | 90.5 bp −$45.2K |
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 | −1.075% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0710 | +0.140% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0700 | +0.047% | $259K | $704K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0702 | +0.062% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0700 | +0.046% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0701 | +0.056% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0698 | +0.028% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0696 | +0.009% | $846K | $535K | 50x | as long as short |
| MEXC AXS_USDTshort | +0.0100% | 4h | 1.0700 | +0.047% | $11.5M | $692K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0700 | +0.047% | $587K | $289K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
KuCoin AXSUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXSUSDT | +0.0100% | 4h | 1.0710 | +0.140% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0698 | +0.028% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0670 | −0.238% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0681 | −0.135% | $765K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0699 | +0.037% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0698 | +0.028% | $763 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0697 | +0.018% | $9K | $242K | 10x | as long as short |
| Lighter AXS | +0.0112% | 1h | 1.0727 | +0.299% | $37K | $43K | 5x | as long as short |
| BloFin AXS-USDTlong | +0.0130% | 4h | 1.0695 | long leg | $281K | $30K | 75x | |
| Kraken Futures PF_AXSUSD | +0.0647% | 1h | 1.0709 | +0.129% | $145K | $349K | 20x | as long as short |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Lighter AXS
Kraken Futures PF_AXSUSD