AXS

Alert

Funding spread now, next payment 18:00 UTC+0.0298%/8h

paid, last 24h−0.045%paid, last 3 days−0.037%to open and closeno order book

Long on Variational Omni Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.037% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AXS	1.0537	0.0100	pay 0.0100% / 8h	6h 10m	$36K	$4K	—
Short	Kraken Futures PF_AXSUSD	1.0540	0.0398	get 0.0050% / 1h	10m 22s	$141K	$340K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersRate

Funding earned: $62.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $52.5
Break-even: 1.1 days

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, 29 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.026%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 29 min ago	11.75 bp	24.3 bp −$24	87.6 bp −$876	doesn't fit	doesn't fit

Variational Omni: 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 19 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective AXS/USDC PERP	+0.0033%	1h	$5	$70K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0036%	4h	$3K	$33	10x	as long as short
Bybit AXSUSDT	+0.0038%	8h	$3.2M	$3.7M	75x	as long as short
BloFin AXS-USDT	+0.0054%	4h	$275K	$36K	75x	as long as short
Lighter AXS	+0.0096%	1h	$28K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	$265K	$295K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	$72K	$11K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	$5.9M	$9.6M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	$1.4M	$2.8M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	$957K	$1.5M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	$10.5M	$791K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	$631K	$269K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	$3.1M	$1.1M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	—	$2.6M	—	as long as short
Variational Omni AXSlong	+0.0100%	8h	$36K	$4K	—
SunX AXS-USDT	+0.0100%	4h	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	$729	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	$7K	$156K	10x	as long as short
Kraken Futures PF_AXSUSDshort	+0.0398%	1h	$141K	$340K	20x