Funding you earn now, next payment 07:00 UTC+0.0280%/8h= +30.6% APRpaid last 24h −0.006%
Price spread now: Kraken Futures against BingX+0.061%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days−0.147%−$15 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.061%, 7d avg +0.107%
=Funding pays, the price is against you. Kraken Futures is 0.046% cheaper against BingX than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.107%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.147%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.147% in total (about -7.7% 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 | BingX AXS-USDT | 1.0685 | 0.0100 | pay 0.0050% / 4h | 1h 29m | — | $2.6M | — |
| Short | Kraken Futures PF_AXSUSD | 1.0692 | 0.0380 | get 0.0047% / 1h | 29m 33s | $141K | $344K | 20x |
BingX AXS-USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $58.7
- Price spread: +0.061% → +0.107%
- −$4.6
- Slippage, 4 orders
- −$64.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$30.16
- Costs to cover
- 0.843%
- Break-even
- 10.6 days
Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, 13 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 BingX live order book, 10 min ago | 4.68 bp | 17.2 bp −$17 | 34.3 bp −$343 | 318.7 bp −$31.9K | 466.7 bp −$233.4K |
| Sell Kraken Futures live order book, 13 min ago | 2.80 bp | 21.3 bp −$21 | 92.2 bp −$922 | 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 | −0.983% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0670 | −0.140% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0696 | +0.103% | $263K | $700K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0693 | +0.076% | $72K | $18K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0686 | +0.013% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0688 | +0.028% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0682 | −0.028% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0685 | 0.000% | $846K | $630K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0682 | −0.028% | $11.5M | $687K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0670 | −0.140% | $585K | $289K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0690 | +0.047% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTlong | +0.0100% | 4h | 1.0685 | long leg | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0673 | −0.116% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0664 | −0.197% | $764K | $892K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0669 | −0.150% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0674 | −0.103% | $763 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0686 | +0.011% | $7K | $228K | 10x | as long as short |
| BloFin AXS-USDT | +0.0106% | 4h | 1.0672 | −0.122% | $279K | $30K | 75x | as long as short |
| Lighter AXS | +0.0232% | 1h | 1.0713 | +0.262% | $36K | $39K | 5x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0380% | 1h | 1.0692 | +0.061% | $141K | $344K | 20x |
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Lighter AXS