LAYER

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceLAYERUSDT	0.07326	+0.0029	pay 0.0015% / 4h	15m 40s	$2.0M	$1.5M	50x	Long Binance
SHORT	BybitSOLAYERUSDT	0.07332	+0.0100	get 0.0050% / 4h	15m 40s	$1.2M	$660K	25x	Short Bybit

Price gap+0.078%

Funding gap+0.0071% /8h

Funding pays +$2 a day on $10k, but the gap is 0.125% under its 7d average: −$13 if it goes back, about 5.9 days of funding. At the last 7 days' pace that is about 2.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$40+0.0071% /8h now · paid +0.401% over the last 7D

Price−$13spread +0.078% now, avg +0.203% → −0.125% if it goes back

Costs−$860.862% of $10k · taker + slippage, in and out

Result−$59−0.59%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.078%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

LAYER on 14 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size23.4 / 26.9 bp
At $10k entering Bybit costs 26.9 bp, fee and slippage, 1.1× Binance’s.
Note: Margin at max leverage$200 + $400
Binance 50x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$2.13Long Binance: 6 payments, −$0.87; short Bybit: 6 payments, +$3.00.
Watch: Gap narrower than usual+0.078% vs +0.203%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Note: Short leg is thinner$1.2M vs $2.0M OI
Both legs are deep; Bybit is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · Bybit Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0191%/8h × 21 periods+$40.14

Price spread+0.078% → +0.203% (7d avg)−$12.50

Slippage, 4 orderslive order books−$65.23

Fee Binance bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$58.59

Costs to cover0.862%Break-even17.2 days

Slippage: Binance: live order book, 12 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance2.7323.4 bp−$23139.4 bp−$1,394doesn’t fitdoesn’t fit

SELL · SHORTBybit3.4126.9 bp−$27131.6 bp−$1,316doesn’t fitdoesn’t fit

Closing costs about the same again.