Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.009%
Price spread now: OKX against BloFin−0.056%73s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$660.660% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.056%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.049% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 73 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 | 1.0682 | 0.0142 | pay 0.0071% / 4h | 56m 02s | $280K | $30K | 75x |
| Short | OKX AXS-USDT-SWAP | 1.0676 | 0.0100 | get 0.0050% / 4h | 56m 02s | $1.4M | $3.0M | 20x |
BloFin AXS-USDT
OKX AXS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$8.86
- Price spread: −0.056% → −0.007%
- −$4.91
- Slippage, 4 orders
- −$44.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$79.8
- Costs to cover
- 0.660%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; OKX: 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, 6 min ago | 0.47 bp | 13.9 bp −$14 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.34 bp | 20.8 bp −$21 | doesn't fit | 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 | −0.955% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0670 | −0.112% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0678 | −0.037% | $257K | $704K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0678 | −0.036% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0677 | −0.047% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0677 | −0.047% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAPshort | +0.0100% | 4h | 1.0676 | −0.056% | $1.4M | $3.0M | 20x | |
| Gate AXS_USDT | +0.0100% | 8h | 1.0679 | −0.028% | $845K | $535K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0677 | −0.047% | $11.5M | $691K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0680 | −0.019% | $586K | $289K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
Gate AXS_USDT
MEXC 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 | 1.0680 | −0.019% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0679 | −0.028% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0691 | +0.085% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0688 | +0.052% | $766K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0677 | −0.047% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0673 | −0.084% | $761 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0674 | −0.076% | $7K | $238K | 10x | as long as short |
| Lighter AXS | +0.0112% | 1h | 1.0697 | +0.140% | $36K | $43K | 5x | as long as short |
| BloFin AXS-USDTlong | +0.0142% | 4h | 1.0682 | long leg | $280K | $30K | 75x | |
| Kraken Futures PF_AXSUSD | +0.0648% | 1h | 1.0688 | +0.057% | $145K | $347K | 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