Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.016%
Price spread now: Orderly against Lighter−0.206%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.206% cheaper against Lighter than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AXS | 1.0682 | 0.0096 | pay 0.0012% / 1h | 13m 32s | $36K | $43K | 5x |
| Short | Orderly PERP_AXS_USDC | 1.0660 | 0.0094 | get 0.0047% / 4h | 13m 32s | $3K | — | 10x |
Lighter AXS
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Lighter. 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
- −$0.39
- Price spread: −0.206% → 0.000%
- −$20.6
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$26.99
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
Lighter and Orderly: 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 | 1.0580 | −0.955% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0061% | 4h | 1.0651 | −0.290% | $281K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0094% | 4h | 1.0660 | −0.206% | $3K | — | 10x | |
| Lighter AXSlong | +0.0096% | 1h | 1.0682 | long leg | $36K | $43K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0661 | −0.197% | $256K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0661 | −0.198% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0661 | −0.197% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0661 | −0.197% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0658 | −0.225% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0649 | −0.309% | $842K | $535K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
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 | 1.0661 | −0.197% | $11.5M | $705K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0660 | −0.206% | $588K | $280K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0660 | −0.206% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0652 | −0.278% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0649 | −0.306% | $762K | $887K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0664 | −0.169% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0656 | −0.243% | $762 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0660 | −0.210% | $8K | $251K | 10x | as long as short |
| BingX AXS-USDT | +0.0200% | 4h | 1.0663 | −0.178% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSD | +0.0649% | 1h | 1.0665 | −0.160% | $145K | $350K | 20x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BingX AXS-USDT
Kraken Futures PF_AXSUSD