LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against BloFin+0.130%109s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as 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−$570.568% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.130%, 7d avg +0.015%

Together, before fees−0.114%−$11 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 MEXC is 0.115% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 109 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	0.07693	0.0079	pay 0.0040% / 4h	3h 41m	$113K	$14K	50x
Short	MEXC LAYER_USDT	0.07703	0.0100	get 0.0050% / 4h	3h 41m	$351K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.130%Rate

Funding earned: $4.37
Price spread: +0.130% → +0.015%: $11.5
Slippage, 4 orders: −$44.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.98
Costs to cover: 0.568%
Break-even: 72.6 days

Slippage from BloFin: live order book, 13 min ago; MEXC: live order book, 14 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, 13 min ago	4.54 bp	23.4 bp −$23	75.5 bp −$755	doesn't fit	doesn't fit
Sell MEXC live order book, 14 min ago	1.30 bp	11.3 bp −$11	54.3 bp −$543	202.4 bp −$20.2K	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	−0.0782%	1h	0.07715	+0.285%	$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-USDTlong	+0.0079%	4h	0.07693	long leg	$113K	$14K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07719	+0.331%	$599K	$169K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07709	+0.212%	$10K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07704	+0.146%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07699	+0.078%	$708K	$687K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07706	+0.169%	$138K	$52K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07703	+0.130%	$351K	$116K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07709	+0.208%	$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
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07700	+0.091%	$26K	$181K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07706	+0.166%	$2K	$176K	5x	as long as short
BingX LAYER-USDT	+0.0202%	4h	0.07711	+0.234%	—	$1.6M	—	as long as short