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: OKX against Binance−0.021%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$970.969% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.021%, 7d avg −0.039%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LAYERUSDT | 0.07699 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $2.1M | $2.4M | 50x |
| Short | OKX LAYER-USDT-SWAP | 0.07697 | 0.0100 | get 0.0050% / 4h | 3h 44m | $708K | $688K | 20x |
Binance LAYERUSDT
OKX LAYER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.021% → −0.039%
- $1.88
- Slippage, 4 orders
- −$76.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$95.05
- Costs to cover
- 0.969%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; OKX: live order book, 27 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 OKX live order book, 27 min ago | 3.25 bp | 25.8 bp −$26 | 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 | −0.0784% | 1h | 0.07700 | +0.016% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −5.515% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07708 | +0.122% | $596K | $168K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07708 | +0.121% | $10K | $3K | 5x | as long as short |
| Binance LAYERUSDTlong | +0.0100% | 4h | 0.07699 | long leg | $2.1M | $2.4M | 50x | |
| OKX LAYER-USDT-SWAPshort | +0.0100% | 4h | 0.07697 | −0.021% | $708K | $688K | 20x | |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07702 | +0.044% | $138K | $52K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07697 | −0.021% | $341K | $115K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07703 | +0.057% | $1.1M | $165K | 50x | as long as short |
| BingX LAYER-USDT | +0.0100% | 4h | 0.07702 | +0.044% | — | $1.6M | — | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDT
BingX LAYER-USDTShow 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 | −0.111% | $26K | $181K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07704 | +0.073% | $2K | $176K | 5x | as long as short |
| BloFin LAYER-USDT | +0.0139% | 4h | 0.07694 | −0.059% | $113K | $14K | 50x | as long as short |
ApeX Omni LAYERUSDT
Extended LAYER-USD
BloFin LAYER-USDT