Funding you earn now, next payment 08:00 UTC+0.0549%/8h= +60.2% APRpaid last 24h +0.006%
Price spread now: Kraken Futures against OKX−0.057%45s7-day average +0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$930.928% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.057%, 7d avg +0.122%
=Funding pays, the price is against you. Kraken Futures is 0.180% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.122%). If the spread goes back, that is −$18 on $10k: about 26 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.052% in total) that is about 24 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AXS-USDT-SWAP | 1.0668 | 0.0100 | pay 0.0050% / 4h | 10m 34s | $1.4M | $3.0M | 20x |
| Short | Kraken Futures PF_AXSUSD | 1.0662 | 0.0649 | get 0.0081% / 1h | 10m 34s | $145K | $349K | 20x |
OKX AXS-USDT-SWAP
Kraken Futures PF_AXSUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $115.36
- Price spread: −0.057% → +0.122%
- −$17.95
- Slippage, 4 orders
- −$72.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $4.6
- Costs to cover
- 0.928%
- Break-even
- 6.7 days
Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 27 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, 2 min ago | 0.94 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 2.34 bp | 35.6 bp −$36 | 112.6 bp −$1,126 | 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 | 1.0580 | −0.825% | $1K | $48K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0082% | 4h | 1.0654 | −0.131% | $279K | $29K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0650 | −0.169% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0674 | +0.056% | $36K | $43K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0649 | −0.178% | $256K | $705K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0653 | −0.142% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0652 | −0.149% | $6.0M | $10.9M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0656 | −0.112% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAPlong | +0.0100% | 4h | 1.0668 | long leg | $1.4M | $3.0M | 20x | |
| Gate AXS_USDT | +0.0100% | 8h | 1.0647 | −0.197% | $842K | $535K | 50x | as long as short |
Injective AXS/USDC PERP
BloFin AXS-USDT
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 | 1.0651 | −0.159% | $11.5M | $705K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0660 | −0.075% | $588K | $280K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | −0.169% | $3.1M | $1.2M | 50x | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0650 | −0.167% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0653 | −0.137% | $763K | $888K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0653 | −0.141% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0648 | −0.187% | $765 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0648 | −0.191% | $8K | $251K | 10x | as long as short |
| BingX AXS-USDT | +0.0200% | 4h | 1.0653 | −0.141% | — | $2.6M | — | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0649% | 1h | 1.0662 | −0.057% | $145K | $349K | 20x |
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