LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.20 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against Binance−0.156%51s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$790.791% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.156%, 7d avg −0.017%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.139% cheaper against Binance than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.017%). If the spread goes back, that is −$14 on $10k: about 12 days of funding at the current rate (+$1 a day). The two prices were read 51 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	Binance LAYERUSDT	0.07706	0.0100	pay 0.0050% / 4h	3h 44m	$2.1M	$2.4M	50x
Short	BloFin LAYER-USDT	0.07694	0.0139	get 0.0070% / 4h	3h 44m	$113K	$14K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.156%Rate

Funding earned: $8.2
Price spread: −0.156% → −0.017%: −$13.93
Slippage, 4 orders: −$57.07
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$84.81
Costs to cover: 0.791%
Break-even: 79.4 days

Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 11 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, 6 min ago	1.30 bp	23.3 bp −$23	160.7 bp −$1,607	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	4.54 bp	10.8 bp −$11	27.8 bp −$278	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	−0.0784%	1h	0.07700	−0.072%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.606%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07709	+0.032%	$596K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07696	−0.126%	$10K	$3K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07706	long leg	$2.1M	$2.4M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07692	−0.182%	$707K	$687K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07698	−0.104%	$137K	$52K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07699	−0.091%	$341K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07704	−0.026%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07702	−0.052%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07690	−0.208%	$26K	$181K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07694	−0.153%	$2K	$176K	5x	as long as short
BloFin LAYER-USDTshort	+0.0139%	4h	0.07694	−0.156%	$113K	$14K	50x