Funding you earn now, next payment 23:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.006%
Price spread now: BloFin against ApeX Omni−0.118%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1231.228% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 3 days (all we have)+0.104%+$10 · spread now −0.118%, 7d avg −0.050%
=Funding pays, the price is against you. BloFin is 0.068% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.050%). If the spread goes back, that is −$7 on $10k: about 5.9 days of funding at the current rate (+$1 a day).
| 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 | 54m 38s | $26K | $185K | 50x |
| Short | BloFin LAYER-USDT | 0.07631 | 0.0138 | get 0.0069% / 4h | 1h 54m | $113K | $12K | 50x |
ApeX Omni LAYERUSDT
BloFin LAYER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8.05
- Price spread: −0.118% → −0.050%
- −$6.77
- Slippage, 4 orders
- −$100.81
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$121.53
- Costs to cover
- 1.228%
- Break-even
- 112.7 days
Slippage from ApeX Omni: live order book, 26 min ago; BloFin: live order book, 18 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, 26 min ago | 13.07 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 0.65 bp | 17.4 bp −$17 | 63.3 bp −$633 | doesn't fit | doesn't fit |
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 | 0.07637 | −0.038% | $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 |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07642 | +0.027% | $587K | $162K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07634 | −0.073% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07636 | −0.058% | $2.1M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07630 | −0.131% | $700K | $654K | 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 | 0.07635 | −0.065% | $352K | $112K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07637 | −0.039% | $1.1M | $163K | 50x | as long as short |
| ApeX Omni LAYERUSDTlong | +0.0100% | 1h | 0.07640 | long leg | $26K | $185K | 50x |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended LAYER-USD | +0.0104% | 1h | 0.07634 | −0.075% | $2K | $174K | 5x | as long as short |
| BloFin LAYER-USDTshort | +0.0138% | 4h | 0.07631 | −0.118% | $113K | $12K | 50x | |
| BingX LAYER-USDT | +0.0172% | 4h | 0.07642 | +0.026% | — | $1.6M | — | as long as short |
Extended LAYER-USD
BingX LAYER-USDT