Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.013%
Price spread now: Orderly against Lighter−0.208%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.208% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AXS | 1.0572 | 0.0096 | pay 0.0012% / 1h | 46m 05s | $36K | $39K | 5x |
| Short | Orderly PERP_AXS_USDC | 1.0550 | 0.0084 | get 0.0042% / 4h | 46m 05s | $3K | — | 10x |
Lighter AXS
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Lighter. 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
- −$2.44
- Price spread: −0.208% → 0.000%
- −$20.81
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$29.25
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Orderly: 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Lighter and Orderly: 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 exchanges
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 | 1.0580 | +0.076% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0084% | 4h | 1.0508 | −0.605% | $289K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0084% | 4h | 1.0550 | −0.208% | $3K | — | 10x | |
| Lighter AXSlong | +0.0096% | 1h | 1.0572 | long leg | $36K | $39K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0556 | −0.151% | $249K | $661K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0561 | −0.107% | $72K | $16K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0559 | −0.123% | $5.9M | $8.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0561 | −0.104% | $3.6M | $3.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0556 | −0.151% | $1.4M | $2.6M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0563 | −0.085% | $829K | $295K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0550 | −0.208% | $11.3M | $598K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0560 | −0.114% | $582K | $223K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0550 | −0.208% | $3.1M | $906K | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0559 | −0.123% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0530 | −0.395% | $42K | $7K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0539 | −0.315% | $749K | $785K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0549 | −0.218% | $1K | $1.1M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0545 | −0.255% | $469 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0546 | −0.249% | $7K | $254K | 10x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0387% | 1h | 1.0553 | −0.175% | $144K | $323K | 20x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Kraken Futures PF_AXSUSD