Settings8H · net · $10k
Funding arb · Price arb /

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.028%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2342.342% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.028%, 7d avg −0.071%
Together, before fees−0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.099% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid AXS1.06570.0100pay 0.0013% / 1h8m 27s$256K$705K5x
ShortKuCoin AXSUSDTM1.06600.0100get 0.0050% / 4h8m 27s$588K$280K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.028% → −0.071%
$9.92
Slippage, 4 orders
−$213.22
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$224.31
Costs to cover
2.342%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 42 min ago; KuCoin: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 42 min ago0.93 bp19.7 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 26 min ago4.69 bp125.4 bp −$125307.8 bp −$3,078doesn't fitdoesn't fit

AXS on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP+0.0033%1h1.0580−0.723%$1K$48K5.5xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.0650−0.066%$3K10xas long as short
Lighter AXS+0.0096%1h1.0680+0.216%$36K$43K5xas long as short
BloFin AXS-USDT+0.0097%4h1.0653−0.038%$279K$29K75xas long as short
Hyperliquid AXSlong+0.0100%1h1.0657long leg$256K$705K5x
Aster AXSUSDT+0.0100%4h1.0656−0.007%$72K$17K10xas long as short
Binance AXSUSDT+0.0100%4h1.06570.000%$6.0M$10.9M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0659+0.019%$3.7M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0655−0.019%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0662+0.047%$843K$535K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.06570.000%$11.5M$706K50xas long as short
KuCoin AXSUSDTMshort+0.0100%4h1.0660+0.028%$588K$280K50x
Bitget AXSUSDT+0.0100%4h1.0650−0.066%$3.1M$1.2M50xas long as short
Variational Omni AXS+0.0100%8h1.0650−0.064%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0650−0.066%$763K$888K10xas long as short
SunX AXS-USDT+0.0100%4h1.0661+0.038%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0658+0.009%$766$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0654−0.027%$8K$251K10xas long as short
BingX AXS-USDT+0.0200%4h1.0658+0.009%$2.6Mas long as short
Kraken Futures PF_AXSUSD+0.0649%1h1.0668+0.104%$145K$349K20xas long as short