Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h 0.000%
Price spread now: BingX against ApeX Omni+0.039%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1321.324% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.039%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.044% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni LAYERUSDT | 0.07640 | 0.0100 | pay 0.0013% / 1h | 56m 53s | $26K | $185K | 50x |
| Short | BingX LAYER-USDT | 0.07643 | 0.0150 | get 0.0075% / 4h | 1h 56m | — | $1.6M | — |
ApeX Omni LAYERUSDT
BingX LAYER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against ApeX Omni. 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
- $10.42
- Price spread: +0.039% → −0.004%
- $4.36
- Slippage, 4 orders
- −$112.42
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$117.65
- Costs to cover
- 1.324%
- Break-even
- 86.1 days
Slippage from ApeX Omni: live order book, 24 min ago; BingX: live order book, 4 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 ApeX Omni live order book, 24 min ago | 13.07 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 5.24 bp | 22.0 bp −$22 | 83.9 bp −$839 | 539.4 bp −$53.9K | 847.7 bp −$423.9K |
LAYER on 13 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_LAYERUSD | −0.0448% | 1h | 0.07635 | −0.067% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.791% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDT | +0.0061% | 4h | 0.07631 | −0.118% | $114K | $12K | 50x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07645 | +0.060% | $587K | $163K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07635 | −0.064% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07636 | −0.052% | $2.1M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07638 | −0.026% | $700K | $656K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07635 | −0.065% | $137K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07634 | −0.079% | $352K | $112K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07636 | −0.052% | $1.1M | $163K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
BloFin LAYER-USDT
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LAYERUSDTlong | +0.0100% | 1h | 0.07640 | long leg | $26K | $185K | 50x | |
| Extended LAYER-USD | +0.0104% | 1h | 0.07634 | −0.078% | $2K | $174K | 5x | as long as short |
| BingX LAYER-USDTshort | +0.0150% | 4h | 0.07643 | +0.039% | — | $1.6M | — |
Extended LAYER-USD