Funding arb · Price arb /

LAYER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance+0.202%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$304as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$3023.025% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.202%, 7d avg +0.020%

Together, before fees−0.410%−$41 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 0.182% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LAYERUSDT	0.07663	0.0100	pay 0.0050% / 4h	1h 47m	$2.1M	$2.6M	50x
Short	Gate LAYER_USDT	0.07678	0.0100	get 0.0050% / 4h	1h 47m	$137K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → +0.020%: $18.24
Slippage, 4 orders: −$277.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$284.25
Costs to cover: 3.025%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: live order book, 8 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, 3 min ago	1.96 bp	29.5 bp −$29	193.1 bp −$1,931	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	16.92 bp	95.3 bp −$95	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	−0.0420%	1h	0.07663	0.000%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.070%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07677	+0.194%	$597K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07674	+0.146%	$9K	$4K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07663	long leg	$2.1M	$2.6M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07656	−0.085%	$716K	$732K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07678	+0.202%	$137K	$49K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07666	+0.045%	$340K	$116K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07670	+0.098%	$1.1M	$166K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07669	+0.084%	—	$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	0.07670	+0.098%	$25K	$187K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07662	−0.010%	$3K	$168K	5x	as long as short
BloFin LAYER-USDT	+0.0115%	4h	0.07676	+0.176%	—	$14K	50x	as long as short