LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.007%

Price spread now: Binance against BloFin−0.188%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1031.035% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.188%, 7d avg +0.011%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.199% cheaper against BloFin than usual: you would sell low and buy high (spread −0.188% now, against its 7-day average of +0.011%). If the spread goes back, that is −$20 on $10k: about 51 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LAYER-USDT	0.07725	0.0087	pay 0.0044% / 4h	1h 19m	$116K	$14K	50x
Short	Binance LAYERUSDT	0.07711	0.0100	get 0.0050% / 4h	1h 19m	$2.1M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.188%Rate

Funding earned: $2.72
Price spread: −0.188% → +0.011%: −$19.9
Slippage, 4 orders: −$81.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$120.66
Costs to cover: 1.035%
Break-even: 317.1 days

Slippage from BloFin: live order book, 16 min ago; Binance: live order book, 16 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 BloFin live order book, 16 min ago	0.65 bp	19.8 bp −$20	87.1 bp −$871	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.60 bp	28.6 bp −$29	100.8 bp −$1,008	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	−0.0417%	1h	0.07712	−0.168%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.838%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTlong	+0.0087%	4h	0.07725	long leg	$116K	$14K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07724	−0.016%	$600K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07715	−0.129%	$10K	$4K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07711	−0.188%	$2.1M	$2.6M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07698	−0.350%	$722K	$740K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07717	−0.104%	$139K	$50K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07710	−0.194%	$342K	$118K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07705	−0.259%	$1.1M	$165K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07713	−0.155%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07710	−0.194%	$25K	$187K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07708	−0.215%	$746	$170K	5x	as long as short