Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: BingX against Injective+5.375%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 5.375% dearer against Injective than usual: you sell high and buy low: +$538 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective LAYER/USDC PERP | 0.07274 | 0.0033 | pay 0.0004% / 1h | 18m 53s | — | $18K | 5.5x |
| Short | BingX LAYER-USDT | 0.07665 | 0.0100 | get 0.0050% / 4h | 2h 18m | — | $1.6M | — |
Injective LAYER/USDC PERP
BingX LAYER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: +5.375% → 0.000%
- $537.53
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $541.51
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 8 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 5.20 bp | 32.1 bp −$32 | 102.4 bp −$1,024 | 550.2 bp −$55.0K | 824.3 bp −$412.2K |
Injective: 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 12 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 | −0.0746% | 1h | 0.07666 | +5.383% | $8K | $54 | 10x | as long as short |
| Injective LAYER/USDC PERPlong | +0.0033% | 1h | 0.07274 | long leg | — | $18K | 5.5x | |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07679 | +5.565% | $597K | $167K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07670 | +5.450% | $9K | $4K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07664 | +5.362% | $2.1M | $2.6M | 50x | as long as short |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07660 | +5.307% | $721K | $728K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07673 | +5.485% | $136K | $48K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07665 | +5.375% | $340K | $121K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07671 | +5.458% | $1.1M | $169K | 50x | as long as short |
| BingX LAYER-USDTshort | +0.0100% | 4h | 0.07665 | +5.375% | — | $1.6M | — |
Kraken Futures PF_LAYERUSD
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07670 | +5.444% | $26K | $186K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07662 | +5.333% | $2K | $165K | 5x | as long as short |
ApeX Omni LAYERUSDT
Extended LAYER-USD