Funding you earn now, next payment 08:00 UTC+0.0550%/8h= +60.2% APRpaid last 24h +0.006%
Price spread now: Kraken Futures against Gate+0.208%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2492.492% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.208%, 7d avg +0.081%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.126% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.081%. Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% 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 | Gate AXS_USDT | 1.0637 | 0.0100 | pay 0.0100% / 8h | 16m 13s | $841K | $535K | 50x |
| Short | Kraken Futures PF_AXSUSD | 1.0659 | 0.0650 | get 0.0081% / 1h | 16m 13s | $145K | $350K | 20x |
Gate AXS_USDT
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $115.4
- Price spread: +0.208% → +0.081%
- $12.65
- Slippage, 4 orders
- −$224.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$121.2
- Costs to cover
- 2.492%
- Break-even
- 14.4 days
Slippage from Gate: live order book, 6 min ago; Kraken Futures: 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 Gate live order book, 6 min ago | 7.53 bp | 97.7 bp −$98 | 432.6 bp −$4,326 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 22 min ago | 2.34 bp | 35.6 bp −$36 | 112.6 bp −$1,126 | 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 | −0.536% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0650 | +0.122% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0676 | +0.367% | $36K | $43K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0652 | +0.141% | $256K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0649 | +0.115% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0650 | +0.127% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0651 | +0.132% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0646 | +0.085% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDTlong | +0.0100% | 8h | 1.0637 | long leg | $841K | $535K | 50x | |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0674 | +0.348% | $11.6M | $705K | 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
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 | 1.0650 | +0.122% | $587K | $280K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | +0.122% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0621 | −0.149% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0640 | +0.028% | $762K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0655 | +0.169% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0648 | +0.103% | $761 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0646 | +0.085% | $8K | $251K | 10x | as long as short |
| BloFin AXS-USDT | +0.0133% | 4h | 1.0651 | +0.132% | $282K | $29K | 75x | as long as short |
| BingX AXS-USDT | +0.0200% | 4h | 1.0646 | +0.085% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0650% | 1h | 1.0659 | +0.208% | $145K | $350K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
BingX AXS-USDT