Funding you earn now, next payment 01:00 UTC+0.0360%/8h= +39.5% APRpaid last 24h +0.032%
Price spread now: MEXC against Kraken Futures−0.300%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.300%, 7d avg −0.131%
=Funding pays, the price is against you. MEXC is 0.170% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.300% now, against its 7-day average of −0.131%). If the spread goes back, that is −$17 on $10k: about 38 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.131% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% 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 | 1.0786 | −0.0260 | get 0.0033% / 1h | 24m 39s | $146K | $326K | 20x |
| Short | MEXC AXS_USDT | 1.0754 | 0.0100 | get 0.0050% / 4h | 3h 24m | $11.4M | $743K | 50x |
Kraken Futures PF_AXSUSD
MEXC AXS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $75.68
- Price spread: −0.300% → −0.131%
- −$16.95
- Slippage, 4 orders
- −$38.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $5.82
- Costs to cover
- 0.529%
- Break-even
- 6.5 days
Slippage from Kraken Futures: live order book, 48 min ago; MEXC: live order book, 4 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, 48 min ago | 2.78 bp | 21.3 bp −$21 | 94.4 bp −$944 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.39 bp | 4.8 bp −$5 | 32.8 bp −$328 | 60.4 bp −$6,039 | 94.0 bp −$47.0K |
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 | −0.0260% | 1h | 1.0786 | long leg | $146K | $326K | 20x | |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.615% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0082% | 4h | 1.0770 | −0.152% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0777 | −0.087% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0757 | −0.272% | $268K | $305K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0762 | −0.224% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0755 | −0.291% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0763 | −0.217% | $3.7M | $4.1M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0754 | −0.300% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0761 | −0.235% | $953K | $939K | 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_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDTshort | +0.0100% | 4h | 1.0754 | −0.300% | $11.4M | $743K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0760 | −0.245% | $622K | $308K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0760 | −0.245% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0766 | −0.189% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0777 | −0.089% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0768 | −0.175% | $764K | $879K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0776 | −0.096% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0768 | −0.170% | $714 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0755 | −0.294% | $7K | $260K | 10x | as long as short |
| BloFin AXS-USDT | +0.0158% | 4h | 1.0774 | −0.115% | $279K | $16K | 75x | 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
BloFin AXS-USDT