Funding you earn now, next payment 12:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.005%
Price spread now: BloFin against Bybit+0.009%102s7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as 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−$810.807% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.009%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 102 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 | Bybit AXSUSDT | 1.0631 | 0.0100 | pay 0.0100% / 8h | 5h 47m | $3.7M | $4.1M | 75x |
| Short | BloFin AXS-USDT | 1.0632 | 0.0159 | get 0.0080% / 4h | 1h 47m | $288K | $29K | 75x |
Bybit AXSUSDT
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $12.49
- Price spread: +0.009% → −0.037%
- $4.66
- Slippage, 4 orders
- −$57.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$63.57
- Costs to cover
- 0.807%
- Break-even
- 42.6 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 59 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 Bybit live order book, 3 min ago | 2.82 bp | 24.8 bp −$25 | 105.6 bp −$1,056 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 1.41 bp | 17.2 bp −$17 | 36.7 bp −$367 | doesn't fit | doesn't fit |
AXS on 20 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AXS-USD | −0.0053% | 1h | 1.0625 | −0.056% | $422 | $3K | 5x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −0.480% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0091% | 4h | 1.0620 | −0.103% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0648 | +0.160% | $36K | $42K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0628 | −0.029% | $252K | $683K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0633 | +0.015% | $72K | $16K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0624 | −0.064% | $5.9M | $9.6M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0631 | long leg | $3.7M | $4.1M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0626 | −0.047% | $1.4M | $2.8M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0626 | −0.047% | $836K | $296K | 50x | as long as short |
SoDEX AXS-USD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0623 | −0.075% | $11.5M | $621K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0640 | +0.085% | $586K | $238K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0640 | +0.085% | $3.1M | $1.1M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0624 | −0.066% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0635 | +0.036% | $38K | $2K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0642 | +0.104% | $756K | $810K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0633 | +0.019% | $2K | $1.2M | 20x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0621 | −0.096% | $8K | $253K | 10x | as long as short |
| BloFin AXS-USDTshort | +0.0159% | 4h | 1.0632 | +0.009% | $288K | $29K | 75x | |
| Kraken Futures PF_AXSUSD | +0.0193% | 1h | 1.0637 | +0.053% | $145K | $316K | 20x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
Extended AXS-USD
Kraken Futures PF_AXSUSD