LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.006%

Price spread now: Bitget against BloFin+0.091%105s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$970.966% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.091%, 7d avg +0.049%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.042% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.049%. 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	BloFin LAYER-USDT	0.07652	0.0064	pay 0.0032% / 4h	37m 25s	$113K	$12K	50x
Short	Bitget LAYERUSDT	0.07659	0.0100	get 0.0050% / 4h	37m 25s	$1.1M	$165K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.091%Rate

Funding earned: $7.49
Price spread: +0.091% → +0.049%: $4.24
Slippage, 4 orders: −$72.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.85
Costs to cover: 0.966%
Break-even: 86.3 days

Slippage from BloFin: live order book, 23 min ago; Bitget: live order book, 4 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, 23 min ago	3.92 bp	16.7 bp −$17	70.2 bp −$702	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.83 bp	23.6 bp −$24	97.8 bp −$978	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	−0.0546%	1h	0.07657	+0.070%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.940%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTlong	+0.0064%	4h	0.07652	long leg	$113K	$12K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07665	+0.169%	$590K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07651	−0.007%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07652	0.000%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07650	−0.026%	$706K	$667K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07657	+0.065%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07652	0.000%	$339K	$115K	20x	as long as short
Bitget LAYERUSDTshort	+0.0100%	4h	0.07659	+0.091%	$1.1M	$165K	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	0.07658	+0.078%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07660	+0.105%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07652	−0.003%	$2K	$174K	5x	as long as short