AXL Funding Rate Arbitrage
Delta-neutral, not risk-free: funding can flip, and you need margin on both legs (liquidation risk on either exchange). Yields are annualized from the current funding spread and change every funding interval.
AXL funding pairs across exchanges
LIVEBoth legs of every pair use rates from the same moment. The spread is the hourly funding rate of the short leg minus the long leg; the annual figure is the hourly spread × 8760 at the rates shown. The result covers 30 days on 5,000 USDT per leg with the venues’ public taker fees; the order-book spread and slippage on execution are not included.
| Long | Short | Spread per hour | Annual (hourly × 8760) | Status | Result for 30 days |
|---|---|---|---|---|---|
| Bybit AXLUSDT | Aster AXLUSDT | +0.006529%/h | ≈ +57.19% APR | from known costs | +225.31 USDT |
| MEXC AXL_USDT | Aster AXLUSDT | +0.005741%/h | ≈ +50.29% APR | from known costs | +200.19 USDT |
| Binance AXLUSDT | Aster AXLUSDT | +0.005550%/h | ≈ +48.61% APR | from known costs | +190.42 USDT |
| Bybit AXLUSDT | BingX AXL-USDT | +0.005538%/h | ≈ +48.52% APR | from known costs | +188.87 USDT |
| Bybit AXLUSDT | Bitget AXLUSDT | +0.005513%/h | ≈ +48.30% APR | from known costs | +186.97 USDT |
| MEXC AXL_USDT | BingX AXL-USDT | +0.004750%/h | ≈ +41.61% APR | from known costs | +163.80 USDT |
| MEXC AXL_USDT | Bitget AXLUSDT | +0.004725%/h | ≈ +41.39% APR | from known costs | +162.07 USDT |
| Binance AXLUSDT | BingX AXL-USDT | +0.004559%/h | ≈ +39.94% APR | from known costs | +154.01 USDT |
| Binance AXLUSDT | Bitget AXLUSDT | +0.004534%/h | ≈ +39.72% APR | from known costs | +152.22 USDT |
| Bybit AXLUSDT | KuCoin AXLUSDTM | +0.003713%/h | ≈ +32.53% APR | from known costs | +122.25 USDT |
| MEXC AXL_USDT | KuCoin AXLUSDTM | +0.002925%/h | ≈ +25.62% APR | from known costs | +97.23 USDT |
| KuCoin AXLUSDTM | Aster AXLUSDT | +0.002816%/h | ≈ +24.66% APR | from known costs | +91.23 USDT |
| Binance AXLUSDT | KuCoin AXLUSDTM | +0.002734%/h | ≈ +23.95% APR | from known costs | +87.43 USDT |
| KuCoin AXLUSDTM | BingX AXL-USDT | +0.001825%/h | ≈ +15.99% APR | from known costs | +54.66 USDT |
| KuCoin AXLUSDTM | Bitget AXLUSDT | +0.001800%/h | ≈ +15.77% APR | from known costs | +52.80 USDT |
| BingX AXL-USDT | Aster AXLUSDT | +0.000991%/h | ≈ +8.68% APR | from known costs | +26.68 USDT |
| Bitget AXLUSDT | Aster AXLUSDT | +0.001016%/h | ≈ +8.90% APR | from known costs | +26.60 USDT |
| Bybit AXLUSDT | Binance AXLUSDT | +0.000979%/h | ≈ +8.58% APR | from known costs | +24.94 USDT |
| Bybit AXLUSDT | MEXC AXL_USDT | +0.000788%/h | ≈ +6.91% APR | from known costs | +21.15 USDT |
| MEXC AXL_USDT | Binance AXLUSDT | +0.000191%/h | ≈ +1.67% APR | from known costs | −0.20 USDT |
| Bitget AXLUSDT | BingX AXL-USDT | +0.000025%/h | ≈ +0.22% APR | from known costs | −10.09 USDT |
AXL: scenario for the top pair
AXL · long Bybit AXLUSDT · short Aster AXLUSDT · 5,000 per leg · 30 days
Result from known costs
Some costs are unknown, so the total is incomplete. Missing:
- Execution costs (spread and slippage) are not estimated.
- The fee is a baseline value, not a verified fee of the venue or of your account.
Result from known costs
+225.31 USDT
30d
Rates
- Rate spread per hour
- +0.006529%/h
- Spread, annualized
- ≈ +57.19% APR
| Instrument | Rate per period | Rate kind | Per hour | Annual (hourly × 8760) | Who pays | Next settlement |
|---|---|---|---|---|---|---|
| AXLUSDT · Bybit | -0.021153% per 4h | current, accruing | -0.005288%/h | ≈ −46.33% APR | long receives | from exchange data |
| AXLUSDT · Aster | +0.004962% per 4h | current, accruing | +0.001241%/h | ≈ +10.87% APR | short receives | from exchange data |
- Annual = hourly rate × 8760 h — the rate shown, stretched over a year.
Costs and result
- Funding over 30d
- +234.80 USDT
- Trading fee, Bybit, entry
- −2.75 USDT taker · 0.0550% · base fee, not your account’s verified fee
- Trading fee, Bybit, exit
- −2.75 USDT taker · 0.0550% · base fee, not your account’s verified fee
- Trading fee, Aster, entry
- −2.00 USDT taker · 0.0400% · venue public base fee
- Trading fee, Aster, exit
- −2.00 USDT taker · 0.0400% · venue public base fee
- Spread and slippage, Bybit, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Bybit, exit
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Aster, entry
- —Execution costs (spread and slippage) are not estimated.
- Spread and slippage, Aster, exit
- —Execution costs (spread and slippage) are not estimated.
- Result from known costs
- +225.31 USDT
Break-even
- Calendar break-even
- Oct 26, 2026 19:00 MSK (16:00 UTC)
- Approximation: costs ÷ daily funding flow
- ≈ 1.21 days
- Funding spread to break even over 30d
- 0.006329%/day
- Break-even uses known costs only, so it is not the full break-even.
Rate history
- Full history since
- Payments in history
- 372
- History coverage
- 34.44%
| Window | Status | Mean spread (time-weighted) | Sum of settled rates | Share of positive periods | Sign changes | Payments · coverage | Reasons |
|---|---|---|---|---|---|---|---|
| 24 h | from known costs | +0.003889%/h | —There is not enough rate history for this metric. | 40.00% | 3 | 10 · 83.33% | There is not enough rate history for this metric. |
| 7 days | from known costs | -0.001744%/h | -0.310455% | 28.57% | 3 | 84 · 100.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 30 days | from known costs | -0.002627%/h | -1.594342% | 43.33% | 4 | 360 · 100.00% | Rates are unknown for part of the period: the metric uses known values only. |
| 90 days | from known costs | -0.002627%/h | —There is not enough rate history for this metric. | 45.16% | 4 | 372 · 34.44% | There is not enough rate history for this metric. |
- The funding path is hypothetical: fixed size, no price changes, fees or liquidations.
Data and assumptions
- Bybit rate
- Aster rate
- Valid until
- Aster: The venue does not document whether this is the current rate or a forecast: the kind is determined from its actual data.
- The pair’s rates come from the shared list update and were not rechecked separately.
- A payment at the opening moment is outside the period; a payment at the closing moment is inside.
- Quantity = notional ÷ the higher of the leg prices.
- The price funding is calculated from does not change until the payment.
- The current rate stays unchanged in repeats.
- The funding interval does not change.
- Capital is already on the venues: no entry transfer; return and rebalancing are not included.
- The exit price equals the current price: exit notional and fee are as of now.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
- Margin equals the leg notional (1× leverage).
- Reserve on the venue is 0.
Each button opens one leg of this calculation on its venue.
AXL pairs over the last 7 days
Past days, not current opportunities. Days and times are MSK.
Last usable pair: Oct 25, 2026 13:55 MSK (10:55 UTC), long Bybit AXLUSDT / short BingX AXL-USDT, +0.006362%/h.
| Day | Updates with a pair | Most pairs at once | Widest spread | Pair |
|---|---|---|---|---|
| 82 | 21 | +0.078267%/h | long Bybit AXLUSDT / short KuCoin AXLUSDTM | |
| 140 | 21 | +0.061373%/h | long Bybit AXLUSDT / short Bitget AXLUSDT | |
| 144 | 21 | +0.023377%/h | long Bybit AXLUSDT / short Aster AXLUSDT | |
| 139 | 21 | +0.037750%/h | long BingX AXL-USDT / short Aster AXLUSDT | |
| 141 | 21 | +0.039535%/h | long Bybit AXLUSDT / short MEXC AXL_USDT | |
| 20 | 21 | +0.010692%/h | long Bybit AXLUSDT / short BingX AXL-USDT |
How funding rate arbitrage works
A perpetual futures contract pays a periodic funding rate between longs and shorts. When two exchanges show different funding rates for the same coin, you can go long where funding is low (or negative) and short where it is high — staying delta-neutral on price while collecting the funding spread. Yieldo scans live rates across all supported exchanges and ranks the best long/short pairs after fees.
AXL on Yieldo
Related Pages
FAQ
AXL FAQ
What is funding rate arbitrage?
It is a delta-neutral strategy: you open a long position where the perpetual funding rate is low or negative and a short of the same size where funding is high. Price moves cancel out, and you collect the difference in funding payments.
Is AXL funding arbitrage risk-free?
No. It is market-neutral, not risk-free. Funding rates can flip before the next payment, both legs require margin (liquidation risk), and exchange or transfer issues can break the hedge. Treat the annualized yield as indicative, not guaranteed.
How is the annualized yield calculated?
We take the current funding-rate spread between the two exchanges and annualize it by the number of funding intervals per year for each contract. Actual returns depend on how long the spread persists.
Watch the AXL funding spread
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