Funding you earn now, next payment 12:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h +0.019%
Price spread now: Kraken Futures against KuCoin+0.247%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2222.223% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.247%, 7d avg +0.106%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.141% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.106%. Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AXSUSDTM | 1.0560 | 0.0100 | pay 0.0050% / 4h | 43m 11s | $582K | $222K | 50x |
| Short | Kraken Futures PF_AXSUSD | 1.0586 | 0.0386 | get 0.0048% / 1h | 43m 11s | $145K | $323K | 20x |
KuCoin AXSUSDTM
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $60.02
- Price spread: +0.247% → +0.106%
- $14.09
- Slippage, 4 orders
- −$200.32
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$148.2
- Costs to cover
- 2.223%
- Break-even
- 24.3 days
Slippage from KuCoin: live order book, 53 min ago; Kraken Futures: live order book, 63 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, 53 min ago | 4.72 bp | 80.1 bp −$80 | 426.2 bp −$4,262 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 63 min ago | 4.70 bp | 25.5 bp −$26 | 85.7 bp −$857 | doesn't fit | doesn't fit |
AXS on 20 exchanges
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 | 1.0580 | +0.189% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0084% | 4h | 1.0570 | +0.095% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0601 | +0.388% | $36K | $39K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0571 | +0.104% | $249K | $661K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0570 | +0.092% | $72K | $16K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0572 | +0.116% | $5.9M | $8.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0573 | +0.123% | $3.6M | $3.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0580 | +0.189% | $1.4M | $2.6M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0561 | +0.009% | $829K | $296K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0572 | +0.114% | $11.4M | $598K | 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_USDT
MEXC AXS_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTMlong | +0.0100% | 4h | 1.0560 | long leg | $582K | $222K | 50x | |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0570 | +0.095% | $3.1M | $906K | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0569 | +0.085% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0540 | −0.191% | $42K | $7K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0551 | −0.083% | $754K | $797K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0581 | +0.199% | $2K | $1.1M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0577 | +0.161% | $472 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0566 | +0.060% | $7K | $249K | 10x | as long as short |
| BloFin AXS-USDT | +0.0131% | 4h | 1.0566 | +0.057% | $289K | $29K | 75x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0386% | 1h | 1.0586 | +0.247% | $145K | $323K | 20x |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT