LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against Bitget−0.104%105s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.845% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.104%, 7d avg −0.051%

Together, before fees+0.019%+$2 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: BloFin is 0.053% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LAYERUSDT	0.07693	0.0100	pay 0.0050% / 4h	3h 49m	$1.1M	$166K	50x
Short	BloFin LAYER-USDT	0.07685	0.0092	get 0.0046% / 4h	3h 49m	$113K	$14K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$1.77
Price spread: −0.104% → −0.051%: −$5.33
Slippage, 4 orders: −$60.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$91.58
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 6 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 Bitget live order book, 2 min ago	7.81 bp	25.7 bp −$26	142.1 bp −$1,421	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	4.54 bp	10.8 bp −$11	27.8 bp −$278	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	0.07701	+0.102%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.447%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTshort	+0.0092%	4h	0.07685	−0.104%	$113K	$14K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07705	+0.152%	$595K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07693	−0.002%	$9K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07694	+0.008%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07696	+0.039%	$708K	$695K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07696	+0.039%	$137K	$52K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07693	0.000%	$341K	$115K	20x	as long as short
Bitget LAYERUSDTlong	+0.0100%	4h	0.07693	long leg	$1.1M	$166K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07701	+0.104%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07690	−0.039%	$26K	$183K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07693	+0.002%	$2K	$176K	5x	as long as short