Funding you earn now, next payment 05:00 UTC−0.0112%/8h= −12.2% APRpaid last 24h +0.016%
Price spread now: OKX against Kraken Futures−0.209%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$880.881% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.209%, 7d avg −0.123%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.086% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.123%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AXSUSD | 1.0758 | 0.0212 | pay 0.0026% / 1h | 14m 47s | $141K | $345K | 20x |
| Short | OKX AXS-USDT-SWAP | 1.0735 | 0.0100 | get 0.0050% / 4h | 3h 14m | $1.4M | $2.9M | 20x |
Kraken Futures PF_AXSUSD
OKX AXS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$23.49
- Price spread: −0.209% → −0.123%
- −$8.59
- Slippage, 4 orders
- −$68.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$120.18
- Costs to cover
- 0.881%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 38 min ago; OKX: 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, 38 min ago | 4.16 bp | 25.0 bp −$25 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.86 bp | 18.3 bp −$18 | doesn't fit | 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 | +0.0033% | 1h | 1.0720 | −0.349% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0740 | −0.163% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0747 | −0.098% | $261K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0746 | −0.103% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0742 | −0.147% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0744 | −0.126% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAPshort | +0.0100% | 4h | 1.0735 | −0.209% | $1.4M | $2.9M | 20x | |
| Gate AXS_USDT | +0.0100% | 8h | 1.0750 | −0.070% | $854K | $898K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0740 | −0.163% | $11.5M | $698K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0750 | −0.070% | $602K | $283K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
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 | 1.0740 | −0.163% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0744 | −0.126% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0750 | −0.073% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0748 | −0.087% | $769K | $883K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0741 | −0.153% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0743 | −0.135% | $752 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0740 | −0.164% | $8K | $238K | 10x | as long as short |
| Lighter AXS | +0.0144% | 1h | 1.0766 | +0.079% | $37K | $39K | 5x | as long as short |
| BloFin AXS-USDT | +0.0155% | 4h | 1.0744 | −0.126% | $276K | $26K | 75x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0212% | 1h | 1.0758 | long leg | $141K | $345K | 20x |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Lighter AXS
BloFin AXS-USDT