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: Binance against BingX−0.045%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1171.172% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now −0.045%, 7d avg −0.051%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX LAYER-USDT | 0.07655 | 0.0100 | pay 0.0050% / 4h | 58m 11s | — | $1.6M | — |
| Short | Binance LAYERUSDT | 0.07652 | 0.0100 | get 0.0050% / 4h | 58m 11s | $2.1M | $2.6M | 50x |
BingX LAYER-USDT
Binance LAYERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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: −0.045% → −0.051%
- $0.57
- Slippage, 4 orders
- −$97.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$116.66
- Costs to cover
- 1.172%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Binance: live order book, 7 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 BingX live order book, 3 min ago | 5.88 bp | 21.6 bp −$22 | 138.1 bp −$1,381 | 643.6 bp −$64.4K | 841.7 bp −$420.9K |
| Sell Binance live order book, 7 min ago | 2.61 bp | 33.7 bp −$34 | 101.4 bp −$1,014 | 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 | −0.0511% | 1h | 0.07651 | −0.049% | $8K | $54 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.977% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDT | +0.0090% | 4h | 0.07631 | −0.314% | $116K | $16K | 50x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07665 | +0.136% | $595K | $167K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07658 | +0.044% | $9K | $4K | 5x | as long as short |
| Binance LAYERUSDTshort | +0.0100% | 4h | 0.07652 | −0.045% | $2.1M | $2.6M | 50x | |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07636 | −0.248% | $716K | $734K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07665 | +0.131% | $137K | $46K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07659 | +0.052% | $339K | $116K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07659 | +0.052% | $1.1M | $167K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
BloFin LAYER-USDT
Hyperliquid LAYER
Aster LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LAYER-USDTlong | +0.0100% | 4h | 0.07655 | long leg | — | $1.6M | — | |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07640 | −0.196% | $16K | $191K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07653 | −0.022% | $742 | $170K | 5x | as long as short |
ApeX Omni LAYERUSDT
Extended LAYER-USD