AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.024%

Price spread now: Hyperliquid against Injective+0.261%93s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.261% dearer against Injective than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 93 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	Injective AXS/USDC PERP	1.0720	0.0033	pay 0.0004% / 1h	25m 39s	$5	$47K	5.5x
Short	Hyperliquid AXS	1.0748	0.0100	get 0.0013% / 1h	25m 39s	$260K	$314K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersPrice spread, now +0.261%Rate

Funding earned: $14
Price spread: +0.261% → 0.000%: $26.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $31.1
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 14 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 14 min ago	3.28 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

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 19 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 PERPlong	+0.0033%	1h	1.0720	long leg	$5	$47K	5.5x
Orderly PERP_AXS_USDC	+0.0079%	4h	1.0750	+0.280%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0771	+0.476%	$33K	$41K	5x	as long as short
Hyperliquid AXSshort	+0.0100%	1h	1.0748	+0.261%	$260K	$314K	5x
Aster AXSUSDT	+0.0100%	4h	1.0760	+0.371%	$74K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0748	+0.259%	$6.0M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0742	+0.205%	$3.8M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0746	+0.243%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0744	+0.224%	$856K	$994K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0740	+0.187%	$11.4M	$727K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0750	+0.280%	$603K	$304K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0740	+0.187%	$3.2M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0746	+0.243%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0755	+0.329%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0720	0.000%	$763K	$912K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0749	+0.271%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0750	+0.280%	$715	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0745	+0.233%	$9K	$240K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0356%	1h	1.0765	+0.421%	$146K	$332K	20x	as long as short