Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.007%
Price spread now: KuCoin against BloFin+0.084%110s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$222as 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−$2112.107% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.084%, 7d avg −0.001%
=The price spread pays, funding is against you. KuCoin is 0.085% dearer against BloFin than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.001%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days. The two prices were read 110 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 | 1.0671 | 0.0142 | pay 0.0071% / 4h | 1h 01m | $278K | $23K | 75x |
| Short | KuCoin AXSUSDTM | 1.0680 | 0.0100 | get 0.0050% / 4h | 1h 01m | $599K | $300K | 50x |
BloFin AXS-USDT
KuCoin AXSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$8.74
- Price spread: +0.084% → −0.001%
- $8.51
- Slippage, 4 orders
- −$186.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$210.98
- Costs to cover
- 2.107%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; KuCoin: live order book, 22 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, 30 min ago | 2.32 bp | 11.1 bp −$11 | 25.4 bp −$254 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 4.64 bp | 80.6 bp −$81 | 304.4 bp −$3,044 | 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 | +0.459% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0092% | 4h | 1.0680 | +0.084% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0707 | +0.337% | $32K | $41K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0687 | +0.150% | $258K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0679 | +0.075% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0680 | +0.086% | $6.1M | $10.1M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0689 | +0.169% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0682 | +0.103% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0669 | −0.019% | $850K | $955K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0679 | +0.075% | $11.4M | $716K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
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 AXSUSDTMshort | +0.0100% | 4h | 1.0680 | +0.084% | $599K | $300K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0680 | +0.084% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0679 | +0.075% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0694 | +0.219% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0684 | +0.117% | $759K | $884K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0663 | −0.075% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0673 | +0.019% | $742 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0678 | +0.068% | $7K | $244K | 10x | as long as short |
| BloFin AXS-USDTlong | +0.0142% | 4h | 1.0671 | long leg | $278K | $23K | 75x | |
| Kraken Futures PF_AXSUSD | +0.0362% | 1h | 1.0687 | +0.150% | $138K | $347K | 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
Kraken Futures PF_AXSUSD