Funding you earn now, next payment 04:00 UTC+0.0812%/8h= +88.9% APRnext payment +$4.06 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against KuCoin−0.065%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2012.008% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.065%, 7d avg +0.003%
=Funding pays, the price is against you. BingX is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.003%). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.035% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.06 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 | KuCoin AXSUSDTM | 1.0780 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $611K | $304K | 50x |
| Short | BingX AXS-USDT | 1.0773 | 0.0912 | get 0.0456% / 4h | 3h 52m | — | $2.6M | — |
KuCoin AXSUSDTM
BingX AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $170.52
- Price spread: −0.065% → +0.003%
- −$6.84
- Slippage, 4 orders
- −$178.76
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$37.07
- Costs to cover
- 2.008%
- Break-even
- 8.5 days
Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 2 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 KuCoin live order book, 1 min ago | 9.28 bp | 79.5 bp −$80 | 374.2 bp −$3,742 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.64 bp | 17.8 bp −$18 | 41.9 bp −$419 | 282.1 bp −$28.2K | 417.5 bp −$208.8K |
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_AXSUSD | −0.0260% | 1h | 1.0786 | +0.052% | $142K | $319K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.557% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0080% | 4h | 1.0770 | −0.093% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0791 | +0.102% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0771 | −0.083% | $269K | $302K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0776 | −0.035% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0769 | −0.106% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0779 | −0.009% | $3.7M | $4.1M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0766 | −0.130% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0775 | −0.046% | $970K | $903K | 50x | as long as short |
Kraken Futures PF_AXSUSD
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_USDT | +0.0100% | 4h | 1.0761 | −0.176% | $11.4M | $742K | 50x | as long as short |
| KuCoin AXSUSDTMlong | +0.0100% | 4h | 1.0780 | long leg | $611K | $304K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0770 | −0.093% | $3.2M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0833 | +0.487% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0800 | +0.186% | $767K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0776 | −0.037% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0765 | −0.139% | $715 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0769 | −0.101% | $7K | $158K | 10x | as long as short |
| BloFin AXS-USDT | +0.0143% | 4h | 1.0769 | −0.102% | $277K | $18K | 75x | as long as short |
| BingX AXS-USDTshort | +0.0912% | 4h | 1.0773 | −0.065% | — | $2.6M | — |
MEXC AXS_USDT
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT