Funding you earn now, next payment 06:00 UTC−0.0312%/8h= −34.2% APRpaid last 24h +0.012%
Price spread now: BingX against Kraken Futures−0.109%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.109%, 7d avg −0.107%
=The price spread sits at its 7-day average of −0.107%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.153%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% 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 | Kraken Futures PF_AXSUSD | 1.0745 | 0.0412 | pay 0.0051% / 1h | 8m 45s | $142K | $352K | 20x |
| Short | BingX AXS-USDT | 1.0733 | 0.0100 | get 0.0050% / 4h | 2h 08m | — | $2.6M | — |
Kraken Futures PF_AXSUSD
BingX AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$65.5
- Price spread: −0.109% → −0.107%
- −$0.16
- Slippage, 4 orders
- −$64.9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$150.57
- Costs to cover
- 0.849%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 39 min ago; BingX: live order book, 11 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 Kraken Futures live order book, 39 min ago | 3.27 bp | 22.0 bp −$22 | 100.5 bp −$1,005 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 4.68 bp | 19.7 bp −$20 | 47.2 bp −$472 | 338.8 bp −$33.9K | 505.0 bp −$252.5K |
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 | −1.533% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0079% | 4h | 1.0728 | −0.155% | $276K | $30K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0755 | +0.096% | $37K | $39K | 5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0730 | −0.137% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0740 | −0.044% | $261K | $681K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0742 | −0.022% | $73K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0734 | −0.097% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0741 | −0.034% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0733 | −0.109% | $1.4M | $3.1M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0735 | −0.090% | $850K | $831K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit 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 | 1.0727 | −0.165% | $11.5M | $674K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0730 | −0.137% | $582K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0740 | −0.044% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTshort | +0.0100% | 4h | 1.0733 | −0.109% | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0735 | −0.089% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0730 | −0.137% | $764K | $910K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0737 | −0.072% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0733 | −0.109% | $768 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0733 | −0.105% | $10K | $228K | 10x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0412% | 1h | 1.0745 | long leg | $142K | $352K | 20x |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD