Funding arb · Price arb /

LAYER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.105%96s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$718as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7157.145% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.105%, 7d avg −0.021%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.083% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

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	57m 46s	$26K	$185K	50x
Short	Gate LAYER_USDT	0.07632	0.0100	get 0.0050% / 4h	1h 57m	$136K	$54K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee GatebpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.021%: −$8.33
Slippage, 4 orders: −$689.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$722.88
Costs to cover: 7.145%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; Gate: 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, 23 min ago	13.07 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	13.07 bp	86.6 bp −$87	doesn't fit	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	−0.0449%	1h	0.07626	−0.185%	$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	0.07633	−0.097%	$586K	$163K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07629	−0.143%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07622	−0.241%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07615	−0.327%	$700K	$652K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07632	−0.105%	$136K	$54K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07618	−0.288%	$351K	$112K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07624	−0.209%	$1.1M	$163K	50x	as long as short
ApeX Omni LAYERUSDTlong	+0.0100%	1h	0.07640	long leg	$26K	$185K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended LAYER-USD	+0.0104%	1h	0.07622	−0.237%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0116%	4h	0.07625	−0.196%	—	$1.6M	—	as long as short
BloFin LAYER-USDT	+0.0129%	4h	0.07632	−0.105%	$114K	$12K	50x	as long as short