LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0552%/8h= −60.5% APRnext payment −$0.69 per $10,000 · paid last 24h −0.194%

Price spread now: Kraken Futures against Extended+0.055%57s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against Extended than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 57 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	Extended LAYER-USD	0.07625	0.0104	pay 0.0013% / 1h	17m 26s	$2K	$174K	5x
Short	Kraken Futures PF_LAYERUSD	0.07629	−0.0448	pay 0.0056% / 1h	17m 26s	$8K	$964	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$116
Price spread: +0.055% → 0.000%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$125.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 64 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Extended live order book, 64 min ago	5.17 bp	30.8 bp −$31	267.9 bp −$2,679	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_LAYERUSDshort	−0.0448%	1h	0.07629	+0.055%	$8K	$964	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.605%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0086%	4h	0.07625	−0.001%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07638	+0.166%	$588K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07624	−0.011%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07627	+0.020%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07631	+0.077%	$702K	$661K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07631	+0.077%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07626	+0.012%	$352K	$114K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07632	+0.090%	$1.1M	$167K	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	0.07633	+0.103%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07630	+0.064%	$26K	$185K	50x	as long as short
Extended LAYER-USDlong	+0.0104%	1h	0.07625	long leg	$2K	$174K	5x