Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.024%
Price spread now: Injective against Bybit−0.906%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.906% cheaper against Bybit than usual: you would sell low and buy high (−$91 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | Bybit AXSUSDT | 1.0818 | 0.0100 | pay 0.0100% / 8h | 22m 03s | $3.7M | $4.0M | 75x |
| Short | Injective AXS/USDC PERP | 1.0720 | 0.0033 | get 0.0004% / 1h | 22m 03s | $5 | $47K | 5.5x |
Bybit AXSUSDT
Injective AXS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: −0.906% → 0.000%
- −$90.59
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$115.61
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, just now; Injective: no order-book sample. Net counts fees only.
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 Bybit live order book, just now | 0.46 bp | 25.7 bp −$26 | 81.1 bp −$811 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0238% | 1h | 1.0821 | +0.024% | $141K | $314K | 20x | as long as short |
| Injective AXS/USDC PERPshort | +0.0033% | 1h | 1.0720 | −0.906% | $5 | $47K | 5.5x | |
| Orderly PERP_AXS_USDC | +0.0080% | 4h | 1.0810 | −0.074% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0833 | +0.139% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0813 | −0.046% | $266K | $300K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0808 | −0.096% | $75K | $12K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0807 | −0.101% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0818 | long leg | $3.7M | $4.0M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0811 | −0.065% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0814 | −0.037% | $973K | $1.0M | 50x | as long as short |
Kraken Futures PF_AXSUSD
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0806 | −0.111% | $11.5M | $750K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0800 | −0.166% | $612K | $307K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0810 | −0.074% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0813 | −0.046% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0810 | −0.076% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0793 | −0.230% | $771K | $892K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0816 | −0.018% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0812 | −0.055% | $707 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0806 | −0.107% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0107% | 4h | 1.0789 | −0.268% | $275K | $17K | 75x | 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
BloFin AXS-USDT