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: BloFin against Gate−0.065%93s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$416as 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−$4154.146% of the position

Long on Gate Short on BloFin

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)−0.041%−$4 · spread now −0.065%, 7d avg −0.032%

Together, before fees−0.057%−$6 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 BloFin is 0.033% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 93 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	Gate LAYER_USDT	0.07657	0.0100	pay 0.0050% / 4h	37m 32s	$136K	$55K	20x
Short	BloFin LAYER-USDT	0.07652	0.0064	get 0.0032% / 4h	37m 32s	$113K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$7.49
Price spread: −0.065% → −0.032%: −$3.34
Slippage, 4 orders: −$387.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$425.48
Costs to cover: 4.146%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; BloFin: live order book, 23 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 Gate live order book, 33 min ago	11.15 bp	283.0 bp −$283	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 23 min ago	3.92 bp	24.6 bp −$25	73.0 bp −$730	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	+0.005%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.002%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTshort	+0.0064%	4h	0.07652	−0.065%	$113K	$12K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07666	+0.123%	$591K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07651	−0.072%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07653	−0.050%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07655	−0.026%	$706K	$668K	20x	as long as short
Gate LAYER_USDTlong	+0.0100%	4h	0.07657	long leg	$136K	$55K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07652	−0.065%	$339K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07659	+0.026%	$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
BingX LAYER-USDT	+0.0100%	4h	0.07658	+0.013%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07660	+0.039%	$26K	$185K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07652	−0.068%	$2K	$174K	5x	as long as short