AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0265%/8h= +29.0% APRnext payment +$0.33 per $10,000 · paid last 24h −0.034%

Price spread now: Kraken Futures against Lighter−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Kraken Futures is 0.078% cheaper against Lighter than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 23 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AXS	1.0744	0.0096	pay 0.0012% / 1h	26m 21s	$33K	$41K	5x
Short	Kraken Futures PF_AXSUSD	1.0736	0.0361	get 0.0045% / 1h	26m 21s	$145K	$336K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.078%Rate

Funding earned: $55.57
Price spread: −0.078% → 0.000%: −$7.76
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $37.8
Costs to cover: 0.100%
Break-even: 2.2 days

Slippage unknown: Lighter: no order-book sample; Kraken Futures: live order book, 36 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 36 min ago	2.80 bp	23.2 bp −$23	87.5 bp −$875	doesn't fit	doesn't fit

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 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	−0.223%	$5	$47K	5.5x	as long as short
BloFin AXS-USDT	+0.0080%	4h	1.0715	−0.270%	$276K	$23K	75x	as long as short
Orderly PERP_AXS_USDC	+0.0091%	4h	1.0720	−0.223%	$3K	—	10x	as long as short
Lighter AXSlong	+0.0096%	1h	1.0744	long leg	$33K	$41K	5x
Hyperliquid AXS	+0.0100%	1h	1.0727	−0.158%	$259K	$313K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0719	−0.232%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0720	−0.223%	$6.1M	$10.0M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0731	−0.121%	$3.8M	$4.2M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0716	−0.261%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0718	−0.242%	$853K	$953K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AXS_USDT	+0.0100%	4h	1.0719	−0.233%	$11.4M	$708K	50x	as long as short
KuCoin AXSUSDTM	+0.0100%	4h	1.0730	−0.130%	$602K	$301K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0720	−0.223%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0722	−0.205%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0765	+0.194%	$37K	$3K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0748	+0.038%	$772K	$886K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0716	−0.261%	$2K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0717	−0.251%	$743	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0719	−0.231%	$7K	$245K	10x	as long as short
Kraken Futures PF_AXSUSDshort	+0.0361%	1h	1.0736	−0.078%	$145K	$336K	20x