Funding you earn now, next payment 06:00 UTC−0.0307%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h +0.008%
Price spread now: Extended against Kraken Futures−0.134%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.134%, 7d avg −0.150%
=Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.150%, 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 +0.109%, 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 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 per $10,000. 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 | 1.0758 | 0.0411 | pay 0.0051% / 1h | 6m 33s | $142K | $354K | 20x |
| Short | Extended AXS-USD | 1.0743 | 0.0104 | get 0.0013% / 1h | 6m 33s | $10K | $228K | 10x |
Kraken Futures PF_AXSUSD
Extended AXS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$64.55
- Price spread: −0.134% → −0.150%
- $1.68
- Slippage, 4 orders
- −$77.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$155.11
- Costs to cover
- 0.922%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 41 min ago; Extended: live order book, 40 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, 41 min ago | 3.27 bp | 22.0 bp −$22 | 100.5 bp −$1,005 | doesn't fit | doesn't fit |
| Sell Extended live order book, 40 min ago | 1.59 bp | 19.1 bp −$19 | 151.1 bp −$1,511 | 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 | −1.653% | $1K | $48K | 5.5x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0771 | +0.123% | $37K | $39K | 5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0750 | −0.072% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0753 | −0.045% | $260K | $682K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0753 | −0.043% | $73K | $18K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0746 | −0.106% | $6.1M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0750 | −0.072% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0748 | −0.091% | $1.4M | $3.1M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0743 | −0.138% | $851K | $831K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0744 | −0.128% | $11.5M | $675K | 50x | as long as short |
Injective AXS/USDC PERP
Lighter AXS
Orderly PERP_AXS_USDC
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit 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 | 1.0740 | −0.165% | $582K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0740 | −0.165% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0743 | −0.138% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0735 | −0.211% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0730 | −0.258% | $764K | $910K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0747 | −0.100% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0745 | −0.119% | $766 | $3K | 5x | as long as short |
| Extended AXS-USDshort | +0.0104% | 1h | 1.0743 | −0.134% | $10K | $228K | 10x | |
| BloFin AXS-USDT | +0.0120% | 4h | 1.0750 | −0.072% | $275K | $30K | 75x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0411% | 1h | 1.0758 | long leg | $142K | $354K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
BloFin AXS-USDT