Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.005%
Price spread now: Bybit against BloFin+0.066%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$820.820% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.066%, 7d avg +0.036%
=The price spread pays, funding is against you. Bybit is 0.030% dearer against BloFin than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.036%): +$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 3.0 days. At the pace of the last 7 days (−0.153% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin AXS-USDT | 1.0643 | 0.0133 | pay 0.0067% / 4h | 1h 53m | $288K | $29K | 75x |
| Short | Bybit AXSUSDT | 1.0650 | 0.0100 | get 0.0100% / 8h | 5h 53m | $3.7M | $4.1M | 75x |
BloFin AXS-USDT
Bybit AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.97
- Price spread: +0.066% → +0.036%
- $3
- Slippage, 4 orders
- −$59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.97
- Costs to cover
- 0.820%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; Bybit: live order book, 3 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, 54 min ago | 1.41 bp | 13.6 bp −$14 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.88 bp | 25.3 bp −$25 | 100.1 bp −$1,001 | doesn't fit | doesn't fit |
AXS on 20 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AXS-USD | −0.0086% | 1h | 1.0643 | 0.000% | $413 | $3K | 5x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −0.592% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0091% | 4h | 1.0640 | −0.028% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0669 | +0.244% | $36K | $42K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0645 | +0.019% | $253K | $682K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0653 | +0.090% | $72K | $16K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0641 | −0.019% | $5.9M | $9.6M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0650 | +0.066% | $3.7M | $4.1M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0644 | +0.009% | $1.4M | $2.8M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0642 | −0.009% | $838K | $296K | 50x | as long as short |
SoDEX AXS-USD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0647 | +0.038% | $11.5M | $621K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0660 | +0.160% | $588K | $238K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0660 | +0.160% | $3.1M | $1.1M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0647 | +0.038% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0662 | +0.181% | $38K | $2K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0660 | +0.160% | $758K | $810K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0652 | +0.085% | $2K | $1.2M | 20x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0638 | −0.052% | $8K | $253K | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0133% | 4h | 1.0643 | long leg | $288K | $29K | 75x | |
| Kraken Futures PF_AXSUSD | +0.0193% | 1h | 1.0655 | +0.113% | $145K | $316K | 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
Extended AXS-USD
Kraken Futures PF_AXSUSD