Funding you earn now, next payment 00:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.028%
Price spread now: KuCoin against Kraken Futures−0.107%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1961.963% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.107%, 7d avg −0.110%
=The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% 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 | 1.0792 | −0.0239 | get 0.0030% / 1h | 13m 53s | $141K | $314K | 20x |
| Short | KuCoin AXSUSDTM | 1.0780 | 0.0100 | get 0.0050% / 4h | 13m 53s | $611K | $306K | 50x |
Kraken Futures PF_AXSUSD
KuCoin AXSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $71.19
- Price spread: −0.107% → −0.110%
- $0.31
- Slippage, 4 orders
- −$174.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$124.83
- Costs to cover
- 1.963%
- Break-even
- 19.3 days
Slippage from Kraken Futures: live order book, 64 min ago; KuCoin: live order book, 49 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, 64 min ago | 3.76 bp | 19.0 bp −$19 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 9.30 bp | 61.1 bp −$61 | 261.1 bp −$2,611 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSDlong | −0.0239% | 1h | 1.0792 | long leg | $141K | $314K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.663% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0042% | 4h | 1.0785 | −0.060% | $273K | $17K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0080% | 4h | 1.0790 | −0.014% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0804 | +0.116% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0792 | +0.005% | $266K | $301K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0783 | −0.076% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0784 | −0.070% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0793 | +0.014% | $3.7M | $4.0M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0786 | −0.051% | $1.4M | $2.9M | 20x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0792 | +0.005% | $971K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0774 | −0.162% | $11.4M | $750K | 50x | as long as short |
| KuCoin AXSUSDTMshort | +0.0100% | 4h | 1.0780 | −0.107% | $611K | $306K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0790 | −0.014% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0791 | −0.005% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0801 | +0.087% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0780 | −0.107% | $770K | $893K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0789 | −0.023% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0779 | −0.116% | $714 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0779 | −0.116% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD