Funding you earn now, next payment 08:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h −0.010%
Price spread now: Kraken Futures against BloFin+0.033%57s7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as 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−$720.723% of the position
Funding, last 7 days−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.033%, 7d avg +0.114%
=Funding pays, the price is against you. Kraken Futures is 0.081% cheaper against BloFin than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.114%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.228%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.228% in total (about -11.9% 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 | BloFin AXS-USDT | 1.0696 | 0.0066 | pay 0.0033% / 4h | 58m 19s | $280K | $30K | 75x |
| Short | Kraken Futures PF_AXSUSD | 1.0700 | 0.0647 | get 0.0081% / 1h | 58m 19s | $145K | $346K | 20x |
BloFin AXS-USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $122.02
- Price spread: +0.033% → +0.114%
- −$8.05
- Slippage, 4 orders
- −$50.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $41.66
- Costs to cover
- 0.723%
- Break-even
- 4.6 days
Slippage from BloFin: live order book, 4 min ago; Kraken Futures: live order book, 44 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, 4 min ago | 0.47 bp | 13.9 bp −$14 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 44 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 | +0.0033% | 1h | 1.0580 | −1.085% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDTlong | +0.0066% | 4h | 1.0696 | long leg | $280K | $30K | 75x | |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0680 | −0.150% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0681 | −0.140% | $257K | $704K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0684 | −0.117% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0683 | −0.121% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0680 | −0.150% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0677 | −0.178% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0688 | −0.075% | $846K | $535K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0678 | −0.168% | $11.5M | $691K | 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_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0690 | −0.056% | $586K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0680 | −0.150% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0684 | −0.112% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0691 | −0.046% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0688 | −0.078% | $766K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0677 | −0.178% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0684 | −0.112% | $758 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0680 | −0.150% | $7K | $238K | 10x | as long as short |
| Lighter AXS | +0.0136% | 1h | 1.0710 | +0.131% | $36K | $43K | 5x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0647% | 1h | 1.0700 | +0.033% | $145K | $346K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Lighter AXS