Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against MEXC−0.112%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.112%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.134% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC AXS_USDT | 1.0678 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $11.2M | $819K | 50x |
| Short | BloFin AXS-USDT | 1.0666 | 0.0065 | get 0.0033% / 4h | 3h 30m | $271K | $31K | 75x |
MEXC AXS_USDT
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$7.33
- Price spread: −0.112% → +0.021%
- −$13.35
- Slippage, 4 orders
- −$23.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$60.15
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 13 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 MEXC live order book, 3 min ago | 0.94 bp | 5.1 bp −$5 | 34.3 bp −$343 | 59.9 bp −$5,987 | 101.4 bp −$50.7K |
| Sell BloFin live order book, 13 min ago | 1.89 bp | 16.1 bp −$16 | 31.9 bp −$319 | 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 | +0.393% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0064% | 4h | 1.0680 | +0.019% | $3K | — | 10x | as long as short |
| BloFin AXS-USDTshort | +0.0065% | 4h | 1.0666 | −0.112% | $271K | $31K | 75x | |
| Lighter AXS | +0.0096% | 1h | 1.0700 | +0.206% | $28K | $41K | 5x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0097% | 1h | 1.0687 | +0.084% | $140K | $321K | 20x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0677 | −0.009% | $263K | $295K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0680 | +0.015% | $73K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0679 | +0.011% | $6.0M | $9.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0675 | −0.028% | $3.2M | $3.6M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0675 | −0.028% | $1.4M | $2.7M | 20x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Kraken Futures PF_AXSUSD
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0684 | +0.056% | $964K | $1.4M | 50x | as long as short |
| MEXC AXS_USDTlong | +0.0100% | 4h | 1.0678 | long leg | $11.2M | $819K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0680 | +0.019% | $572K | $291K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0680 | +0.019% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0680 | +0.019% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0652 | −0.247% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0648 | −0.277% | $759K | $927K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0674 | −0.037% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0677 | −0.009% | $738 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0677 | −0.006% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD