Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against BloFin−0.337%451s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$590.590% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 3 days (all we have)+0.366%+$37 · spread now −0.337%, 7d avg −0.008%
=Funding pays, the price is against you. Binance is 0.329% cheaper against BloFin than usual: you would sell low and buy high (spread −0.337% now, against its 7-day average of −0.008%). If the spread goes back, that is −$33 on $10k: about 4 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour. The two prices were read 451 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 | BloFin AXS-USDT | 1.0691 | 0.0090 | pay 0.0045% / 4h | 2h 41m | $275K | $18K | 75x |
| Short | Binance AXSUSDT | 1.0655 | 0.0100 | get 0.0050% / 4h | 2h 41m | $6.0M | $10.0M | 75x |
BloFin AXS-USDT
Binance AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $2.14
- Price spread: −0.337% → −0.008%
- −$32.89
- Slippage, 4 orders
- −$36.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$89.74
- Costs to cover
- 0.590%
- Break-even
- 300.1 days
Slippage from BloFin: live order book, 20 min ago; Binance: 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 BloFin live order book, 20 min ago | 3.27 bp | 16.0 bp −$16 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.47 bp | 15.7 bp −$16 | 41.8 bp −$418 | 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 | +0.271% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0660 | −0.290% | $3K | — | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0090% | 4h | 1.0691 | long leg | $275K | $18K | 75x | |
| Lighter AXS | +0.0096% | 1h | 1.0676 | −0.140% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0668 | −0.215% | $259K | $313K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0671 | −0.189% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDTshort | +0.0100% | 4h | 1.0655 | −0.337% | $6.0M | $10.0M | 75x | |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0672 | −0.178% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0669 | −0.206% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0663 | −0.262% | $851K | $992K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0660 | −0.290% | $11.3M | $725K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0670 | −0.196% | $601K | $312K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0670 | −0.196% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0666 | −0.234% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0674 | −0.160% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0672 | −0.175% | $762K | $904K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0666 | −0.234% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0661 | −0.281% | $709 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0664 | −0.257% | $7K | $236K | 10x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0359% | 1h | 1.0673 | −0.169% | $146K | $333K | 20x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Kraken Futures PF_AXSUSD