AXS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.018%

Price spread now: Orderly against MEXC−0.131%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Orderly

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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.131% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AXS_USDT	1.0714	0.0100	pay 0.0050% / 4h	2h 19m	$11.4M	$728K	50x
Short	Orderly PERP_AXS_USDC	1.0700	0.0079	get 0.0039% / 4h	2h 19m	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against MEXC. 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 MEXCbpFee OrderlybpOrdersPrice spread, now −0.131%Rate

Funding earned: −$4.49
Price spread: −0.131% → 0.000%: −$13.07
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.56
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; 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 MEXC live order book, 4 min ago	0.47 bp	4.2 bp −$4	20.2 bp −$202	49.5 bp −$4,951	97.1 bp −$48.6K
Sell Orderly no order-book sample	—	—	—	—	—

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 19 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	+0.056%	$5	$47K	5.5x	as long as short
Orderly PERP_AXS_USDCshort	+0.0079%	4h	1.0700	−0.131%	$3K	—	10x
Lighter AXS	+0.0096%	1h	1.0735	+0.196%	$33K	$41K	5x	as long as short
Hyperliquid AXS	+0.0100%	1h	1.0708	−0.061%	$258K	$313K	5x	as long as short
Aster AXSUSDT	+0.0100%	4h	1.0711	−0.025%	$73K	$14K	10x	as long as short
Binance AXSUSDT	+0.0100%	4h	1.0702	−0.113%	$6.0M	$10.1M	75x	as long as short
Bybit AXSUSDT	+0.0100%	8h	1.0703	−0.103%	$3.7M	$4.3M	75x	as long as short
OKX AXS-USDT-SWAP	+0.0100%	4h	1.0705	−0.084%	$1.4M	$2.9M	20x	as long as short
Gate AXS_USDT	+0.0100%	8h	1.0700	−0.131%	$853K	$995K	50x	as long as short
MEXC AXS_USDTlong	+0.0100%	4h	1.0714	long leg	$11.4M	$728K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AXSUSDTM	+0.0100%	4h	1.0710	−0.037%	$600K	$304K	50x	as long as short
Bitget AXSUSDT	+0.0100%	4h	1.0710	−0.037%	$3.1M	$1.2M	50x	as long as short
BingX AXS-USDT	+0.0100%	4h	1.0700	−0.131%	—	$2.6M	—	as long as short
Variational Omni AXS	+0.0100%	8h	1.0731	+0.159%	$37K	$4K	—	as long as short
GRVT AXS_USDT_Perp	+0.0100%	4h	1.0745	+0.287%	$762K	$920K	10x	as long as short
SunX AXS-USDT	+0.0100%	4h	1.0705	−0.084%	$1K	$1.3M	20x	as long as short
SoDEX AXS-USD	+0.0100%	1h	1.0706	−0.075%	$718	$3K	5x	as long as short
Extended AXS-USD	+0.0104%	1h	1.0698	−0.147%	$9K	$240K	10x	as long as short
Kraken Futures PF_AXSUSD	+0.0357%	1h	1.0725	+0.101%	$144K	$334K	20x	as long as short