LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.026%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.046%+$5 · spread now +0.026%, 7d avg +0.052%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.025% cheaper against Binance than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.052%). If the spread goes back, that is −$3 on $10k: about 5.3 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LAYERUSDT	0.07623	0.0100	pay 0.0050% / 4h	1h 57m	$2.1M	$2.3M	50x
Short	BingX LAYER-USDT	0.07625	0.0116	get 0.0058% / 4h	1h 57m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $3.36
Price spread: +0.026% → +0.052%: −$2.53
Slippage, 4 orders: −$67.84
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$87.01
Costs to cover: 0.878%
Break-even: 188.3 days

Slippage from Binance: live order book, 7 min ago; BingX: live order book, 3 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 Binance live order book, 7 min ago	1.97 bp	23.4 bp −$23	155.6 bp −$1,556	doesn't fit	doesn't fit
Sell BingX live order book, 3 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	−0.0449%	1h	0.07626	+0.038%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.578%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07633	+0.136%	$586K	$163K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07630	+0.090%	$9K	$2K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07623	long leg	$2.1M	$2.3M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07615	−0.105%	$700K	$652K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07632	+0.118%	$136K	$54K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07618	−0.066%	$351K	$112K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07625	+0.026%	$1.1M	$163K	50x	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07640	+0.223%	$26K	$185K	50x	as long as short

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	−0.014%	$2K	$174K	5x	as long as short
BingX LAYER-USDTshort	+0.0116%	4h	0.07625	+0.026%	—	$1.6M	—
BloFin LAYER-USDT	+0.0129%	4h	0.07632	+0.118%	$114K	$12K	50x	as long as short