Funding you earn now, next payment 07:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h +0.001%
Price spread now: Bybit against Kraken Futures−0.051%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$960.961% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.051%, 7d avg −0.079%
=The price spread pays, funding is against you. Bybit is 0.028% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.079%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AXSUSD | 1.0697 | 0.0379 | pay 0.0047% / 1h | 28m 07s | $141K | $344K | 20x |
| Short | Bybit AXSUSDT | 1.0692 | 0.0100 | get 0.0100% / 8h | 1h 28m | $3.7M | $4.3M | 75x |
Kraken Futures PF_AXSUSD
Bybit AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$58.65
- Price spread: −0.051% → −0.079%
- $2.82
- Slippage, 4 orders
- −$75.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$151.92
- Costs to cover
- 0.961%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 15 min ago; Bybit: live order book, 10 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, 15 min ago | 2.80 bp | 24.5 bp −$25 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 2.34 bp | 24.6 bp −$25 | 88.4 bp −$884 | doesn't fit | doesn't fit |
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 | −1.097% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0680 | −0.163% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0700 | +0.024% | $263K | $700K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0694 | −0.032% | $72K | $18K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0689 | −0.076% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0692 | −0.051% | $3.7M | $4.3M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0691 | −0.060% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0682 | −0.144% | $846K | $630K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0682 | −0.144% | $11.5M | $687K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0680 | −0.163% | $585K | $289K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0690 | −0.069% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0685 | −0.116% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0673 | −0.232% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0664 | −0.313% | $764K | $892K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0682 | −0.144% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0684 | −0.125% | $766 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0680 | −0.163% | $7K | $228K | 10x | as long as short |
| BloFin AXS-USDT | +0.0104% | 4h | 1.0678 | −0.181% | $280K | $30K | 75x | as long as short |
| Lighter AXS | +0.0232% | 1h | 1.0714 | +0.155% | $36K | $39K | 5x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0379% | 1h | 1.0697 | long leg | $141K | $344K | 20x |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Lighter AXS