LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.092%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.092%, 7d avg −0.037%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.055% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LAYER-USDT	0.07645	0.0172	pay 0.0086% / 4h	1h 56m	—	$1.6M	—
Short	MEXC LAYER_USDT	0.07638	0.0100	get 0.0050% / 4h	1h 56m	$352K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$15.12
Price spread: −0.092% → −0.037%: −$5.49
Slippage, 4 orders: −$54.68
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$85.29
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 17 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, 4 min ago	5.24 bp	23.2 bp −$23	105.2 bp −$1,052	546.0 bp −$54.6K	746.5 bp −$373.3K
Sell MEXC live order book, 17 min ago	0.65 bp	8.7 bp −$9	48.9 bp −$489	205.6 bp −$20.6K	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	−0.0448%	1h	0.07635	−0.133%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.853%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0061%	4h	0.07631	−0.183%	$114K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07648	+0.038%	$587K	$163K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07642	−0.042%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07641	−0.047%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07631	−0.183%	$700K	$653K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07635	−0.131%	$137K	$54K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07638	−0.092%	$352K	$112K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07646	+0.013%	$1.1M	$163K	50x	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	0.07640	−0.065%	$26K	$185K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07640	−0.064%	$2K	$174K	5x	as long as short
BingX LAYER-USDTlong	+0.0172%	4h	0.07645	long leg	—	$1.6M	—