Funding you earn now, next payment 07:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h −0.001%
Price spread now: Lighter against Bybit+0.186%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.186% dearer against Bybit than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXSUSDT | 1.0734 | 0.0100 | pay 0.0100% / 8h | 1h 10m | $3.7M | $4.3M | 75x |
| Short | Lighter AXS | 1.0754 | 0.0232 | get 0.0029% / 1h | 10m 26s | $37K | $43K | 5x |
Bybit AXSUSDT
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $27.72
- Price spread: +0.186% → 0.000%
- $18.63
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $35.35
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; Lighter: no order-book sample. Net counts fees only.
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, 2 min ago | 1.40 bp | 22.7 bp −$23 | 98.5 bp −$985 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1014% | 1h | 1.0580 | −1.435% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0076% | 4h | 1.0725 | −0.084% | $280K | $30K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0720 | −0.130% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0731 | −0.028% | $263K | $700K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0728 | −0.060% | $73K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0727 | −0.065% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0734 | long leg | $3.7M | $4.3M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0727 | −0.065% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0721 | −0.121% | $849K | $630K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0729 | −0.047% | $11.6M | $695K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
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 | 1.0720 | −0.130% | $587K | $288K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0730 | −0.037% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0720 | −0.130% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0727 | −0.065% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0718 | −0.146% | $767K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0718 | −0.149% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0723 | −0.102% | $769 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0721 | −0.117% | $10K | $232K | 10x | as long as short |
| Lighter AXSshort | +0.0232% | 1h | 1.0754 | +0.186% | $37K | $43K | 5x | |
| Kraken Futures PF_AXSUSD | +0.0378% | 1h | 1.0738 | +0.034% | $141K | $340K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Kraken Futures PF_AXSUSD