LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.16 per $10,000 · paid last 24h +0.006%

Price spread now: Gate against BloFin+0.026%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$413as in the Funding arb table

Net, price: spread back to 7d avg − costs−$415as in the Price arb table

costs, in and out, $10k−$4154.146% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now +0.026%, 7d avg +0.032%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LAYER-USDT	0.07655	0.0133	pay 0.0066% / 4h	37m 04s	$113K	$12K	50x
Short	Gate LAYER_USDT	0.07657	0.0100	get 0.0050% / 4h	37m 04s	$136K	$55K	20x

Funding history

latest

Range statsloading…

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now +0.026%Rate

Slippage from BloFin: live order book, 23 min ago; Gate: live order book, 33 min ago.

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 Gate live order book, 33 min ago	11.15 bp	90.3 bp −$90	doesn't fit	doesn't fit	doesn't fit

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	−0.0547%	1h	0.07655	+0.005%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.977%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07662	+0.091%	$590K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07651	−0.051%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07650	−0.068%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07650	−0.065%	$706K	$667K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07657	+0.026%	$136K	$55K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07650	−0.065%	$339K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07658	+0.039%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07656	+0.013%	—	$1.6M	—	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	0.07660	+0.065%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07650	−0.064%	$2K	$174K	5x	as long as short
BloFin LAYER-USDTlong	+0.0133%	4h	0.07655	long leg	$113K	$12K	50x