LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0518%/8h= −56.8% APRnext payment −$0.65 per $10,000 · paid last 24h −0.211%

Price spread now: Kraken Futures against ApeX Omni−0.327%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.327% cheaper against ApeX Omni than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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	0.07710	0.0100	pay 0.0013% / 1h	15m 42s	$25K	$187K	50x
Short	Kraken Futures PF_LAYERUSD	0.07685	−0.0418	pay 0.0052% / 1h	15m 42s	$8K	$54	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.327%Rate

Funding earned: −$108.87
Price spread: −0.327% → 0.000%: −$32.71
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$161.58
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 45 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 45 min ago	13.04 bp	48.1 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_LAYERUSDshort	−0.0418%	1h	0.07685	−0.327%	$8K	$54	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.655%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0097%	4h	0.07703	−0.091%	$89K	$14K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07701	−0.122%	$598K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07694	−0.212%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07688	−0.285%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07684	−0.337%	$721K	$743K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07695	−0.195%	$138K	$50K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07687	−0.298%	$341K	$118K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07688	−0.285%	$1.1M	$169K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07692	−0.233%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDTlong	+0.0100%	1h	0.07710	long leg	$25K	$187K	50x
Extended LAYER-USD	+0.0104%	1h	0.07686	−0.313%	$746	$170K	5x	as long as short