Funding you earn now, next payment 23:00 UTC+0.0021%/8h= +2.4% APRpaid last 24h +0.018%
Price spread now: Lighter against Orderly+0.244%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.244% dearer against Orderly than usual: you sell high and buy low: +$24 more if the spread 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 | Orderly PERP_AXS_USDC | 1.0650 | 0.0075 | pay 0.0037% / 4h | 1h 05m | $3K | — | 10x |
| Short | Lighter AXS | 1.0676 | 0.0096 | get 0.0012% / 1h | 5m 35s | $28K | $36K | 5x |
Orderly PERP_AXS_USDC
Lighter AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $4.51
- Price spread: +0.244% → 0.000%
- $24.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $22.92
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Lighter: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter no order-book sample | — | — | — | — | — |
Orderly and Lighter: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0475% | 1h | 1.0667 | +0.158% | $139K | $308K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.657% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDClong | +0.0075% | 4h | 1.0650 | long leg | $3K | — | 10x | |
| OKX AXS-USDT-SWAP | +0.0093% | 4h | 1.0700 | +0.469% | $1.4M | $2.7M | 20x | as long as short |
| Lighter AXSshort | +0.0096% | 1h | 1.0676 | +0.244% | $28K | $36K | 5x | |
| Hyperliquid AXS | +0.0100% | 1h | 1.0659 | +0.085% | $262K | $296K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0658 | +0.080% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0657 | +0.065% | $6.0M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0700 | +0.469% | $3.2M | $3.7M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0707 | +0.535% | $964K | $1.0M | 50x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
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 | 1.0673 | +0.216% | $11.2M | $730K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0650 | 0.000% | $603K | $301K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | +0.469% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0706 | +0.526% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0629 | −0.201% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0636 | −0.130% | $756K | $875K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0665 | +0.141% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0656 | +0.056% | $695 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0692 | +0.396% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0159% | 4h | 1.0652 | +0.019% | $273K | $17K | 75x | as long as short |
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
BloFin AXS-USDT