Funding you earn now, next payment 02:00 UTC−0.0261%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h +0.035%
Price spread now: Lighter against Kraken Futures−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 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 | 1.0730 | 0.0357 | pay 0.0045% / 1h | 17m 40s | $145K | $334K | 20x |
| Short | Lighter AXS | 1.0723 | 0.0096 | get 0.0012% / 1h | 17m 40s | $33K | $41K | 5x |
Kraken Futures PF_AXSUSD
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$54.79
- Price spread: −0.069% → 0.000%
- −$6.91
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.7
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 50 min ago; Lighter: 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, 50 min ago | 6.93 bp | 34.3 bp −$34 | 110.6 bp −$1,106 | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: 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 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 | −0.097% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0079% | 4h | 1.0710 | −0.190% | $3K | — | 10x | as long as short |
| Lighter AXSshort | +0.0096% | 1h | 1.0723 | −0.069% | $33K | $41K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0702 | −0.265% | $258K | $314K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0704 | −0.250% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0695 | −0.330% | $6.0M | $10.1M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0705 | −0.237% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0693 | −0.349% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0696 | −0.321% | $852K | $996K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0696 | −0.321% | $11.4M | $728K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
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 | 1.0700 | −0.283% | $600K | $304K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | −0.283% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0696 | −0.321% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0731 | +0.006% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0745 | +0.133% | $762K | $920K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0711 | −0.181% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0712 | −0.172% | $718 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0692 | −0.357% | $9K | $240K | 10x | as long as short |
| Kraken Futures PF_AXSUSDlong | +0.0357% | 1h | 1.0730 | long leg | $145K | $334K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD