Funding you earn now, next payment 21:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.027%
Price spread now: BingX against Kraken Futures−0.036%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$880.883% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 3 days (all we have)−0.121%−$12 · spread now −0.036%, 7d avg −0.108%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.072% dearer against Kraken Futures than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AXSUSD | 1.0685 | 0.0097 | pay 0.0012% / 1h | 30m 21s | $140K | $321K | 20x |
| Short | BingX AXS-USDT | 1.0681 | 0.0100 | get 0.0050% / 4h | 3h 30m | — | $2.6M | — |
Kraken Futures PF_AXSUSD
BingX AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $0.6
- Price spread: −0.036% → −0.108%
- $7.16
- Slippage, 4 orders
- −$68.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$80.53
- Costs to cover
- 0.883%
- Break-even
- 943.5 days
Slippage from Kraken Futures: live order book, 18 min ago; BingX: live order book, 14 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 Kraken Futures live order book, 18 min ago | 5.18 bp | 26.9 bp −$27 | 93.4 bp −$934 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 4.24 bp | 20.2 bp −$20 | 45.2 bp −$452 | 345.6 bp −$34.6K | 477.6 bp −$238.8K |
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 | +0.329% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0064% | 4h | 1.0680 | −0.046% | $3K | — | 10x | as long as short |
| BloFin AXS-USDT | +0.0065% | 4h | 1.0666 | −0.177% | $271K | $31K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0696 | +0.104% | $28K | $41K | 5x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0097% | 1h | 1.0685 | long leg | $140K | $321K | 20x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0676 | −0.083% | $263K | $295K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0683 | −0.015% | $73K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0679 | −0.055% | $6.0M | $9.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0680 | −0.046% | $3.2M | $3.6M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0669 | −0.149% | $1.4M | $2.7M | 20x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
BloFin AXS-USDT
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0686 | +0.011% | $964K | $1.4M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0676 | −0.083% | $11.2M | $819K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0680 | −0.046% | $572K | $291K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0680 | −0.046% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDTshort | +0.0100% | 4h | 1.0681 | −0.036% | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0676 | −0.085% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0648 | −0.341% | $759K | $927K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0675 | −0.092% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0674 | −0.102% | $739 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0677 | −0.077% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD