Funding you earn now, next payment 07:00 UTC−0.1392%/8h= −152.4% APRnext payment −$1.74 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against Kraken Futures−1.451%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Injective is 1.451% cheaper against Kraken Futures than usual: you would sell low and buy high (−$145 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 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 | 1.0736 | 0.0378 | pay 0.0047% / 1h | 16m 46s | $141K | $342K | 20x |
| Short | Injective AXS/USDC PERP | 1.0580 | −0.1014 | pay 0.0127% / 1h | 16m 46s | $1K | $48K | 5.5x |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$292.25
- Price spread: −1.451% → 0.000%
- −$145.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$447.35
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 26 min ago; Injective: 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 Kraken Futures live order book, 26 min ago | 2.80 bp | 24.5 bp −$25 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 PERPshort | −0.1014% | 1h | 1.0580 | −1.451% | $1K | $48K | 5.5x | |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0730 | −0.054% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0736 | +0.002% | $263K | $700K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0731 | −0.041% | $73K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0723 | −0.119% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0729 | −0.063% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0725 | −0.100% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0725 | −0.100% | $849K | $630K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0722 | −0.128% | $11.6M | $695K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0730 | −0.054% | $588K | $288K | 50x | as long as short |
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 | 1.0720 | −0.147% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0728 | −0.072% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0733 | −0.029% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0730 | −0.054% | $769K | $881K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0722 | −0.128% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0724 | −0.110% | $770 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0720 | −0.146% | $7K | $228K | 10x | as long as short |
| BloFin AXS-USDT | +0.0110% | 4h | 1.0730 | −0.054% | $278K | $30K | 75x | as long as short |
| Lighter AXS | +0.0248% | 1h | 1.0753 | +0.161% | $37K | $39K | 5x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0378% | 1h | 1.0736 | long leg | $141K | $342K | 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