LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against BloFin−0.079%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.079%, 7d avg −0.031%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.048% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LAYER-USDT	0.07636	0.0142	pay 0.0071% / 4h	2h 41m	$114K	$15K	50x
Short	OKX LAYER-USDT-SWAP	0.07630	0.0100	get 0.0050% / 4h	2h 41m	$711K	$660K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$8.84
Price spread: −0.079% → −0.031%: −$4.78
Slippage, 4 orders: −$105.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$141.23
Costs to cover: 1.276%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; OKX: live order book, 5 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, 37 min ago	7.80 bp	26.0 bp −$26	98.3 bp −$983	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.91 bp	39.2 bp −$39	doesn't fit	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	−0.0416%	1h	0.07632	−0.047%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.741%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07644	+0.103%	$593K	$162K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07628	−0.106%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07628	−0.103%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAPshort	+0.0100%	4h	0.07630	−0.079%	$711K	$660K	20x
Gate LAYER_USDT	+0.0100%	4h	0.07645	+0.118%	$141K	$41K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07635	−0.013%	$371K	$130K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07633	−0.039%	$1.1M	$114K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07635	−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	+0.314%	$19K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07629	−0.090%	$4K	$208K	5x	as long as short
BloFin LAYER-USDTlong	+0.0142%	4h	0.07636	long leg	$114K	$15K	50x