AXL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against Bitget+0.075%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1151.146% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.075%, 7d avg +0.042%

Together, before fees−0.209%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.034% dearer against Bitget than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.042%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.143% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AXLUSDT	0.05308	0.0100	pay 0.0050% / 4h	3h 08m	$579K	$296K	50x
Short	BingX AXL-USDT	0.05312	0.0070	get 0.0035% / 4h	3h 08m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$6.3
Price spread: +0.075% → +0.042%: $3.38
Slippage, 4 orders: −$92.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$117.53
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from Bitget: live order book, 62 min ago; BingX: live order book, 10 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 Bitget live order book, 62 min ago	3.83 bp	17.0 bp −$17	197.9 bp −$1,979	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	4.75 bp	32.0 bp −$32	126.8 bp −$1,268	647.1 bp −$64.7K	896.2 bp −$448.1K

AXL on 9 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
BingX AXL-USDTshort	+0.0070%	4h	0.05312	+0.075%	—	$2.3M	—
BloFin AXL-USDT	+0.0086%	4h	0.05314	+0.113%	$122K	$11K	50x	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05312	+0.074%	$35K	$6K	5x	as long as short
Binance AXLUSDT	+0.0100%	4h	0.05308	0.000%	$1.9M	$4.0M	50x	as long as short
Bybit AXLUSDT	+0.0100%	4h	0.05311	+0.057%	$1.5M	$1.9M	25x	as long as short
MEXC AXL_USDT	+0.0100%	4h	0.05307	−0.019%	$343K	$161K	50x	as long as short
KuCoin AXLUSDTM	+0.0100%	4h	0.05308	0.000%	$444K	$93K	30x	as long as short
Bitget AXLUSDTlong	+0.0100%	4h	0.05308	long leg	$579K	$296K	50x
Variational Omni AXL	+0.0100%	4h	0.05297	−0.214%	$6K	$23K	—	as long as short