Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.013%
Price spread now: Orderly against Bybit−0.095%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.095% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | 1.0580 | 0.0100 | pay 0.0100% / 8h | 4h 29m | $3.7M | $3.3M | 75x |
| Short | Orderly PERP_AXS_USDC | 1.0570 | 0.0084 | get 0.0042% / 4h | 29m 27s | $3K | — | 10x |
Bybit AXSUSDT
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$3.29
- Price spread: −0.095% → 0.000%
- −$9.45
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$29.74
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 6 min ago; Orderly: 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, 6 min ago | 0.47 bp | 22.5 bp −$23 | 124.8 bp −$1,248 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0580 | 0.000% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0084% | 4h | 1.0570 | −0.095% | $3K | — | 10x | |
| Lighter AXS | +0.0096% | 1h | 1.0602 | +0.208% | $36K | $39K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0576 | −0.038% | $249K | $661K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0580 | −0.002% | $72K | $16K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0570 | −0.095% | $5.9M | $8.8M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0580 | long leg | $3.7M | $3.3M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0575 | −0.047% | $1.4M | $2.6M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0580 | 0.000% | $830K | $296K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0570 | −0.095% | $11.4M | $599K | 50x | as long as short |
Injective AXS/USDC PERP
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0580 | 0.000% | $583K | $221K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0580 | 0.000% | $3.1M | $899K | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0578 | −0.019% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0585 | +0.052% | $47K | $12K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0589 | +0.088% | $756K | $809K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0567 | −0.123% | $1K | $1.1M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0570 | −0.095% | $464 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0564 | −0.148% | $7K | $252K | 10x | as long as short |
| BloFin AXS-USDT | +0.0157% | 4h | 1.0576 | −0.038% | $291K | $29K | 75x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0386% | 1h | 1.0582 | +0.020% | $145K | $323K | 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
BloFin AXS-USDT
Kraken Futures PF_AXSUSD