Funding you earn now, next payment 00:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.028%
Price spread now: MEXC against Kraken Futures−0.071%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now −0.071%, 7d avg −0.130%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and MEXC is 0.059% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.130%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% 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 | 1.0808 | −0.0239 | get 0.0030% / 1h | 36m 19s | $141K | $312K | 20x |
| Short | MEXC AXS_USDT | 1.0800 | 0.0100 | get 0.0050% / 4h | 36m 19s | $11.5M | $745K | 50x |
Kraken Futures PF_AXSUSD
MEXC AXS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $71.11
- Price spread: −0.071% → −0.130%
- $5.9
- Slippage, 4 orders
- −$35.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $27.69
- Costs to cover
- 0.493%
- Break-even
- 4.3 days
Slippage from Kraken Futures: live order book, 41 min ago; MEXC: live order book, 2 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, 41 min ago | 3.76 bp | 19.0 bp −$19 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.93 bp | 4.2 bp −$4 | 32.0 bp −$320 | 58.6 bp −$5,864 | 89.3 bp −$44.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSDlong | −0.0239% | 1h | 1.0808 | long leg | $141K | $312K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.811% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0800 | −0.071% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0826 | +0.169% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0802 | −0.053% | $265K | $298K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0801 | −0.058% | $75K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0799 | −0.076% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0811 | +0.031% | $3.7M | $4.0M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0798 | −0.090% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0808 | +0.003% | $973K | $1.0M | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDTshort | +0.0100% | 4h | 1.0800 | −0.071% | $11.5M | $745K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0810 | +0.021% | $613K | $306K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0800 | −0.071% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0806 | −0.016% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0816 | +0.079% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0812 | +0.037% | $767K | $877K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0809 | +0.012% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0801 | −0.062% | $710 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0799 | −0.081% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0149% | 4h | 1.0794 | −0.127% | $277K | $17K | 75x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT