Funding you earn now, next payment 05:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h −0.016%
Price spread now: Kraken Futures against KuCoin+0.178%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1981.981% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.178%, 7d avg +0.110%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.068% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.110%. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AXSUSDTM | 1.0740 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $601K | $285K | 50x |
| Short | Kraken Futures PF_AXSUSD | 1.0759 | 0.0212 | get 0.0026% / 1h | 39m 34s | $141K | $345K | 20x |
KuCoin AXSUSDTM
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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: +0.178% → +0.110%
- $6.77
- Slippage, 4 orders
- −$176.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$167.81
- Costs to cover
- 1.981%
- Break-even
- 57.0 days
Slippage from KuCoin: live order book, 34 min ago; Kraken Futures: live order book, 13 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 KuCoin live order book, 34 min ago | 9.28 bp | 63.7 bp −$64 | 477.7 bp −$4,777 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 13 min ago | 4.16 bp | 24.1 bp −$24 | 90.0 bp −$900 | 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 | −0.186% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0750 | +0.093% | $3K | — | 10x | as long as short |
| BloFin AXS-USDT | +0.0094% | 4h | 1.0751 | +0.102% | $277K | $26K | 75x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0750 | +0.093% | $261K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0743 | +0.031% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0741 | +0.011% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0741 | +0.009% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0741 | +0.009% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0743 | +0.028% | $854K | $896K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0740 | 0.000% | $11.5M | $695K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
BloFin AXS-USDT
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTMlong | +0.0100% | 4h | 1.0740 | long leg | $601K | $285K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0740 | 0.000% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0742 | +0.019% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0747 | +0.062% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0742 | +0.016% | $768K | $901K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0735 | −0.047% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0743 | +0.028% | $744 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0738 | −0.015% | $8K | $238K | 10x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0212% | 1h | 1.0759 | +0.178% | $141K | $345K | 20x | |
| Lighter AXS | +0.0232% | 1h | 1.0767 | +0.251% | $37K | $39K | 5x | as long as short |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Lighter AXS