Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against Extended+0.263%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 airdropExtended: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.263% dearer against Extended than usual: you sell high and buy low: +$26 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 | Extended AXS-USD | 1.0759 | 0.0104 | pay 0.0013% / 1h | 46m 25s | $8K | $244K | 10x |
| Short | Lighter AXS | 1.0787 | 0.0304 | get 0.0038% / 1h | 46m 25s | $33K | $34K | 5x |
Extended AXS-USD
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $42
- Price spread: +0.263% → 0.000%
- $26.29
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $63.29
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 6 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 Extended live order book, 6 min ago | 2.18 bp | 24.2 bp −$24 | 199.5 bp −$1,995 | 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 | +0.0033% | 1h | 1.0720 | −0.360% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0760 | +0.012% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0773 | +0.133% | $261K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0763 | +0.038% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0761 | +0.023% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0766 | +0.068% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0765 | +0.058% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0758 | −0.007% | $856K | $896K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0761 | +0.021% | $11.5M | $694K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0760 | +0.012% | $603K | $285K | 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
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 | 1.0760 | +0.012% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0761 | +0.021% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0799 | +0.371% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0750 | −0.076% | $768K | $902K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0760 | +0.012% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0758 | −0.007% | $747 | $3K | 5x | as long as short |
| Extended AXS-USDlong | +0.0104% | 1h | 1.0759 | long leg | $8K | $244K | 10x | |
| BloFin AXS-USDT | +0.0127% | 4h | 1.0760 | +0.012% | $276K | $26K | 75x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0212% | 1h | 1.0772 | +0.120% | $141K | $345K | 20x | as long as short |
| Lighter AXSshort | +0.0304% | 1h | 1.0787 | +0.263% | $33K | $34K | 5x |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
BloFin AXS-USDT
Kraken Futures PF_AXSUSD