Question 1

Which exchange has the highest AXS funding rate right now?

Accepted Answer

Lighter shows the highest AXS funding at +39.45% annualized. A high positive rate means shorts get paid, so this is the venue to short AXS when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long AXS for funding?

Accepted Answer

Crypto.com has the lowest AXS funding at -31.50% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best AXS funding-arbitrage pair?

Accepted Answer

The widest spread is long Crypto.com / short Lighter at about 71.0% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does AXS funding settle?

Accepted Answer

AXS funding settles on different schedules by venue (1h, 4h, 8h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is AXS funding positive or negative?

Accepted Answer

AXS funding is mixed across venues, ranging -31.50% to +39.45% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current AXS perpetual swap funding rate?

Accepted Answer

The current AXS perpetual swap funding rate ranges from -31.50% to +39.45% annualized depending on the exchange — Crypto.com is lowest and Lighter is highest right now. There is no single AXS funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated AXS funding rate across exchanges?

Accepted Answer

Aggregated across the 26 venues ORBIT tracks, AXS funding currently spans -31.50% to +39.45% APR, a spread of 71.0 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the AXS 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle AXS every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
LighterBest Short	+39.45%	1h	$49K	$1.1592
BloFin	+37.26%	4h	$354K	$1.1567
Extended	+11.40%	1h	$9K	$1.1553
Binance Futures	+10.96%	4h	$7.1M	$1.1571
Bybit	+10.96%	8h	$3.2M	$1.1551
OKX	+10.96%	4h	$1.8M	$1.1552
Hyperliquid	+10.96%	1h	$164K	$1.1573
BingX	+10.96%	4h	$2.1M	$1.1581
Bitget	+10.96%	4h	$3.1M	$1.159
Gate.io	+10.96%	8h	$554K	$1.1588
KuCoin	+10.96%	4h	$654K	$1.158
MEXC	+10.96%	4h	$15.2M	$1.1561
Aster	+10.96%	4h	$73K	$1.1571
grvt	+10.96%	4h	$831K	$1.1569
Variational	+10.96%	8h	$32K	$1.1551
SoDEX	+10.96%	1h	$0K	$1.1582
Toobit	+10.96%	4h	$494K	$1.1559
Bitunix	+10.96%	4h	—	$1.1582
Hotcoin	+10.96%	4h	$490K	$1.1583
WEEX	+10.96%	4h	$9.3M	$1.1585
Pionex	+10.96%	4h	$45K	$1.1565
LBank	+10.96%	4h	—	$1.1562
TxFlow	+10.96%	1h	$2K	$1.155
dreamcash	+10.96%	1h	$164K	$1.1573
Ventuals	+10.96%	1h	$164K	$1.1573
Crypto.comBest Long	-31.50%	1h	$2K	$1.1565

AXS Perpetual Swap Funding Rate by Exchange

How AXS funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

AXS funding rates explained

Frequently asked questions