AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0266%/8h= +29.2% APRnext payment +$0.33 per $10,000 · paid last 24h −0.034%

Price spread now: Kraken Futures against Lighter−0.130%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.130% cheaper against Lighter than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 39 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AXS	1.0701	0.0096	pay 0.0012% / 1h	2m 09s	$32K	$41K	5x
Short	Kraken Futures PF_AXSUSD	1.0687	0.0362	get 0.0045% / 1h	2m 09s	$138K	$347K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.130%Rate

Funding earned: $55.91
Price spread: −0.130% → 0.000%: −$13.03
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $32.88
Costs to cover: 0.100%
Break-even: 2.9 days

Slippage unknown: Lighter: no order-book sample; Kraken Futures: live order book, 61 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 61 min ago	2.80 bp	23.2 bp −$23	87.5 bp −$875	doesn't fit	doesn't fit

Lighter: 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 PERP	+0.0033%	1h	1.0720	+0.178%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0092%	4h	1.0680	−0.196%	$3K	—	10x	as long as short
Lighter AXSlong	+0.0096%	1h	1.0701	long leg	$32K	$41K	5x
Hyperliquid AXS	+0.0100%	1h	1.0682	−0.178%	$257K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0671	−0.280%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0676	−0.234%	$6.1M	$10.1M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0682	−0.178%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0673	−0.262%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0669	−0.299%	$850K	$955K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0676	−0.234%	$11.4M	$715K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0680	−0.196%	$599K	$300K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0680	−0.196%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0676	−0.234%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0694	−0.062%	$36K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0685	−0.150%	$759K	$884K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0663	−0.355%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0673	−0.262%	$742	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0674	−0.250%	$7K	$244K	10x	as long as short
BloFin AXS-USDT	+0.0142%	4h	1.0671	−0.280%	$278K	$23K	75x	as long as short
Kraken Futures PF_AXSUSDshort	+0.0362%	1h	1.0687	−0.130%	$138K	$347K	20x