Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.001%
Price spread now: Lighter against Bybit+0.242%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.242% dearer against Bybit than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXSUSDT | 1.0750 | 0.0100 | pay 0.0100% / 8h | 3h 21m | $3.7M | $4.2M | 75x |
| Short | Lighter AXS | 1.0776 | 0.0128 | get 0.0016% / 1h | 21m 44s | $37K | $39K | 5x |
Bybit AXSUSDT
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $5.88
- Price spread: +0.242% → 0.000%
- $24.19
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $19.07
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 1 min ago; Lighter: 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, 1 min ago | 2.79 bp | 24.9 bp −$25 | 131.7 bp −$1,317 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.279% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0084% | 4h | 1.0746 | −0.037% | $275K | $26K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0740 | −0.093% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0753 | +0.028% | $261K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0750 | −0.004% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0748 | −0.017% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0750 | long leg | $3.7M | $4.2M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0756 | +0.056% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0749 | −0.009% | $854K | $898K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0748 | −0.019% | $11.5M | $697K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance 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 | 1.0750 | 0.000% | $602K | $283K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0750 | 0.000% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0748 | −0.019% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0756 | +0.051% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0748 | −0.020% | $768K | $883K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0729 | −0.195% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0736 | −0.130% | $746 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0745 | −0.046% | $8K | $238K | 10x | as long as short |
| Lighter AXSshort | +0.0128% | 1h | 1.0776 | +0.242% | $37K | $39K | 5x | |
| Kraken Futures PF_AXSUSD | +0.0212% | 1h | 1.0741 | −0.087% | $141K | $344K | 20x | as long as short |
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