Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against OKX−0.028%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 3 days (all we have)−0.004%$0 · spread now −0.028%, 7d avg +0.016%
=Funding pays, the price is against you. BloFin is 0.043% cheaper against OKX than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.016%). If the spread goes back, that is −$4 on $10k: about 3.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.269% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AXS-USDT-SWAP | 1.0754 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $1.4M | $3.0M | 20x |
| Short | BloFin AXS-USDT | 1.0751 | 0.0146 | get 0.0073% / 4h | 3h 50m | $277K | $17K | 75x |
OKX AXS-USDT-SWAP
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $9.56
- Price spread: −0.028% → +0.016%
- −$4.35
- Slippage, 4 orders
- −$50.26
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$67.04
- Costs to cover
- 0.723%
- Break-even
- 56.1 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 15 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 OKX live order book, 1 min ago | 1.40 bp | 19.7 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 0.46 bp | 17.3 bp −$17 | 33.1 bp −$331 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0261% | 1h | 1.0772 | +0.169% | $142K | $320K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.316% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0080% | 4h | 1.0750 | −0.037% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0779 | +0.232% | $29K | $36K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0759 | +0.046% | $269K | $302K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0760 | +0.059% | $74K | $12K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0748 | −0.053% | $6.1M | $9.7M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0765 | +0.102% | $3.7M | $4.1M | 75x | as long as short |
| OKX AXS-USDT-SWAPlong | +0.0100% | 4h | 1.0754 | long leg | $1.4M | $3.0M | 20x | |
| Gate AXS_USDT | +0.0100% | 8h | 1.0750 | −0.037% | $968K | $903K | 50x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
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 | 1.0750 | −0.037% | $11.4M | $742K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0750 | −0.037% | $611K | $304K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0760 | +0.056% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0751 | −0.028% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0763 | +0.087% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0770 | +0.150% | $765K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0761 | +0.065% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0753 | −0.009% | $718 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0751 | −0.032% | $7K | $163K | 10x | as long as short |
| BloFin AXS-USDTshort | +0.0146% | 4h | 1.0751 | −0.028% | $277K | $17K | 75x |
MEXC 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