Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.009%
Price spread now: BloFin against Binance−0.072%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.072%, 7d avg +0.001%
=Funding pays, the price is against you. BloFin is 0.073% cheaper against Binance than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.001%). If the spread goes back, that is −$7 on $10k: about 25 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.131% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance AXSUSDT | 1.0725 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $6.0M | $10.8M | 75x |
| Short | BloFin AXS-USDT | 1.0717 | 0.0110 | get 0.0055% / 4h | 1h 50m | $278K | $30K | 75x |
Binance AXSUSDT
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $2.1
- Price spread: −0.072% → +0.001%
- −$7.34
- Slippage, 4 orders
- −$45.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.52
- Costs to cover
- 0.673%
- Break-even
- 249.3 days
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 16 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 Binance live order book, 4 min ago | 0.93 bp | 16.3 bp −$16 | 44.0 bp −$440 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 2.79 bp | 20.1 bp −$20 | 37.8 bp −$378 | 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 | −0.1014% | 1h | 1.0580 | −1.350% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0710 | −0.137% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0743 | +0.170% | $265K | $699K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0724 | −0.005% | $73K | $18K | 10x | as long as short |
| Binance AXSUSDTlong | +0.0100% | 4h | 1.0725 | long leg | $6.0M | $10.8M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0720 | −0.044% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0727 | +0.021% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0715 | −0.091% | $848K | $630K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0726 | +0.012% | $11.5M | $679K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0720 | −0.044% | $588K | $291K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXSUSDT | +0.0100% | 4h | 1.0720 | −0.044% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0720 | −0.044% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0719 | −0.056% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0726 | +0.010% | $764K | $890K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0714 | −0.100% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0715 | −0.091% | $766 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0719 | −0.052% | $7K | $230K | 10x | as long as short |
| BloFin AXS-USDTshort | +0.0110% | 4h | 1.0717 | −0.072% | $278K | $30K | 75x | |
| Lighter AXS | +0.0264% | 1h | 1.0753 | +0.264% | $37K | $39K | 5x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0378% | 1h | 1.0731 | +0.057% | $141K | $354K | 20x | as long as short |
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