AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.007%

Price spread now: BloFin against KuCoin−0.084%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2112.107% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.084%, 7d avg +0.001%

Together, before fees+0.245%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.085% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.001%). If the spread goes back, that is −$9 on $10k: about 6.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXSUSDTM	1.0680	0.0100	pay 0.0050% / 4h	1h 02m	$599K	$300K	50x
Short	BloFin AXS-USDT	1.0671	0.0142	get 0.0071% / 4h	1h 02m	$278K	$23K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $8.74
Price spread: −0.084% → +0.001%: −$8.51
Slippage, 4 orders: −$186.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$210.51
Costs to cover: 2.107%
Break-even: 175.5 days

Slippage from KuCoin: live order book, 21 min ago; BloFin: live order book, 29 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, 21 min ago	4.64 bp	102.8 bp −$103	459.9 bp −$4,599	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	2.32 bp	16.2 bp −$16	44.6 bp −$446	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
Injective AXS/USDC PERP	+0.0033%	1h	1.0720	+0.375%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDC	+0.0092%	4h	1.0680	0.000%	$3K	—	10x	as long as short
Lighter AXS	+0.0096%	1h	1.0699	+0.178%	$32K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0686	+0.056%	$257K	$309K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0671	−0.081%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0675	−0.050%	$6.1M	$10.1M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0684	+0.037%	$3.7M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0674	−0.056%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0669	−0.103%	$850K	$955K	50x	as long as short
MEXC AXS_USDT	+0.0100%	4h	1.0673	−0.066%	$11.4M	$715K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTMlong	+0.0100%	4h	1.0680	long leg	$599K	$300K	50x
Bitget AXSUSDT	+0.0100%	4h	1.0670	−0.094%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0677	−0.028%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0694	+0.135%	$36K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0685	+0.046%	$759K	$884K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0678	−0.019%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0682	+0.019%	$740	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0679	−0.012%	$7K	$244K	10x	as long as short
BloFin AXS-USDTshort	+0.0142%	4h	1.0671	−0.084%	$278K	$23K	75x
Kraken Futures PF_AXSUSD	+0.0362%	1h	1.0693	+0.125%	$138K	$347K	20x	as long as short