AXS

Alert

Funding spread now, next payment 18:00 UTC−0.0295%/8h

next payment, per $10,000−$0.37paid, last 24h+0.045%paid, last 7 days+0.149%to open and close $10k−$111

Long on Kraken Futures Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. 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	1.0599	0.0395	pay 0.0049% / 1h	18m 25s	$142K	$339K	20x
Short	Hyperliquid AXS	1.0586	0.0100	get 0.0013% / 1h	18m 25s	$267K	$294K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersRate

Funding earned: −$62.03
Slippage, 4 orders: −$92.13
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$173.16
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 21 min ago; Hyperliquid: live order book, 43 min ago.

Price risk

price view

Price gap now: −0.125%
Avg gap 7d: −0.027%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 21 min ago	11.75 bp	24.4 bp −$24	87.1 bp −$871	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 43 min ago	2.35 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

AXS on 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit AXSUSDT	−0.0004%	8h	$3.2M	$3.7M	75x	as long as short
Orderly PERP_AXS_USDC	+0.0030%	4h	$3K	$33	10x	as long as short
Injective AXS/USDC PERP	+0.0033%	1h	$5	$70K	5.5x	as long as short
Lighter AXS	+0.0096%	1h	$28K	$41K	5x	as long as short
BloFin AXS-USDT	+0.0098%	4h	$276K	$36K	75x	as long as short
Hyperliquid AXSshort	+0.0100%	1h	$267K	$294K	5x
Aster AXSUSDT	+0.0100%	4h	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	$5.9M	$9.5M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	$1.4M	$2.8M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	$962K	$1.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	$10.5M	$791K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	$635K	$269K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	$3.1M	$1.1M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	$36K	$4K	—	as long as short
SunX AXS-USDT	+0.0100%	4h	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	$736	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	$7K	$156K	10x	as long as short
Kraken Futures PF_AXSUSDlong	+0.0395%	1h	$142K	$339K	20x