Funding you earn now, next payment 05:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.008%
Price spread now: Injective against Kraken Futures−0.623%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.623% cheaper against Kraken Futures than usual: you would sell low and buy high (−$62 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AXSUSD | 1.0787 | 0.0211 | pay 0.0026% / 1h | 44m 55s | $141K | $345K | 20x |
| Short | Injective AXS/USDC PERP | 1.0720 | 0.0033 | get 0.0004% / 1h | 44m 55s | $5 | $47K | 5.5x |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$37.37
- Price spread: −0.623% → 0.000%
- −$62.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$109.72
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 8 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 8 min ago | 4.16 bp | 25.0 bp −$25 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 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 PERPshort | +0.0033% | 1h | 1.0720 | −0.623% | $5 | $47K | 5.5x | |
| BloFin AXS-USDT | +0.0075% | 4h | 1.0764 | −0.215% | $276K | $26K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0770 | −0.160% | $3K | — | 10x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0777 | −0.095% | $261K | $309K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0770 | −0.156% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0772 | −0.141% | $6.1M | $10.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0773 | −0.132% | $3.7M | $4.2M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0767 | −0.188% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0762 | −0.234% | $856K | $896K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0772 | −0.141% | $11.5M | $694K | 50x | as long as short |
BloFin AXS-USDT
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 | 1.0760 | −0.252% | $603K | $285K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0770 | −0.160% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0763 | −0.225% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0768 | −0.177% | $37K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0750 | −0.341% | $768K | $902K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0759 | −0.262% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0770 | −0.160% | $750 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0769 | −0.170% | $8K | $244K | 10x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0211% | 1h | 1.0787 | long leg | $141K | $345K | 20x | |
| Lighter AXS | +0.0312% | 1h | 1.0797 | +0.091% | $37K | $39K | 5x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Lighter AXS