Funding you earn now, next payment 08:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.25 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against MEXC−0.112%94s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.112%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.129% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC AXS_USDT | 1.0753 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $11.5M | $698K | 50x |
| Short | BloFin AXS-USDT | 1.0741 | 0.0049 | get 0.0025% / 4h | 3h 17m | $275K | $26K | 75x |
MEXC AXS_USDT
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$10.68
- Price spread: −0.112% → +0.018%
- −$12.94
- Slippage, 4 orders
- −$26.08
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.7
- Costs to cover
- 0.421%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 64 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 MEXC live order book, 6 min ago | 0.93 bp | 3.4 bp −$3 | 21.2 bp −$212 | 59.7 bp −$5,973 | 114.8 bp −$57.4K |
| Sell BloFin live order book, 64 min ago | 3.73 bp | 16.5 bp −$17 | 33.7 bp −$337 | 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 | −0.307% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDTshort | +0.0049% | 4h | 1.0741 | −0.112% | $275K | $26K | 75x | |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0750 | −0.028% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0760 | +0.070% | $261K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0752 | −0.009% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0749 | −0.037% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0751 | −0.019% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0747 | −0.056% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0755 | +0.019% | $854K | $898K | 50x | as long as short |
| MEXC AXS_USDTlong | +0.0100% | 4h | 1.0753 | long leg | $11.5M | $698K | 50x |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0750 | −0.028% | $602K | $283K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0750 | −0.028% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0748 | −0.046% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0763 | +0.089% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0750 | −0.028% | $769K | $883K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0738 | −0.139% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0744 | −0.084% | $750 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0747 | −0.056% | $8K | $238K | 10x | as long as short |
| Lighter AXS | +0.0144% | 1h | 1.0779 | +0.242% | $37K | $39K | 5x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0212% | 1h | 1.0747 | −0.055% | $141K | $344K | 20x | 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
Lighter AXS
Kraken Futures PF_AXSUSD