Funding you earn now, next payment 03:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h +0.036%
Price spread now: Bitget against Kraken Futures+0.044%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 3 days (all we have)−0.225%−$22 · spread now +0.044%, 7d avg −0.114%
=The price spread pays, funding is against you. Bitget is 0.158% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.114%): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.142%, 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 0.142% in total (about 7.4% 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 | 1.0735 | 0.0361 | pay 0.0045% / 1h | 56m 22s | $146K | $336K | 20x |
| Short | Bitget AXSUSDT | 1.0740 | 0.0100 | get 0.0050% / 4h | 1h 56m | $3.2M | $1.2M | 50x |
Kraken Futures PF_AXSUSD
Bitget AXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$54.73
- Price spread: +0.044% → −0.114%
- $15.79
- Slippage, 4 orders
- −$69.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$129.95
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago | 2.80 bp | 18.3 bp −$18 | 97.5 bp −$975 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 4.68 bp | 26.8 bp −$27 | 60.1 bp −$601 | doesn't fit | doesn't fit |
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 PERP | +0.0033% | 1h | 1.0720 | −0.142% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0087% | 4h | 1.0730 | −0.049% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0751 | +0.146% | $33K | $41K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0739 | +0.035% | $259K | $313K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0728 | −0.072% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0732 | −0.031% | $6.0M | $9.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0740 | +0.044% | $3.8M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0734 | −0.012% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0724 | −0.105% | $854K | $951K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0742 | +0.063% | $11.4M | $704K | 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
Gate AXS_USDT
MEXC AXS_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0730 | −0.049% | $602K | $302K | 50x | as long as short |
| Bitget AXSUSDTshort | +0.0100% | 4h | 1.0740 | +0.044% | $3.2M | $1.2M | 50x | |
| BingX AXS-USDT | +0.0100% | 4h | 1.0738 | +0.025% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0715 | −0.192% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0710 | −0.235% | $765K | $886K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0740 | +0.044% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0730 | −0.049% | $741 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0729 | −0.055% | $9K | $240K | 10x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0361% | 1h | 1.0735 | long leg | $146K | $336K | 20x |
KuCoin AXSUSDTM
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD