LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0883%/8h= +96.7% APRnext payment +$1.10 per $10,000 · paid last 24h +0.197%

Price spread now: ApeX Omni against Kraken Futures+0.003%75s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on ApeX Omni

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$26 a day on $10k at the current rate. The two prices were read 75 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	Kraken Futures PF_LAYERUSD	0.07710	−0.0783	get 0.0098% / 1h	15m 49s	$8K	$964	10x
Short	ApeX Omni LAYERUSDT	0.07710	0.0100	get 0.0013% / 1h	15m 49s	$26K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: $185.39
Price spread: +0.003% → 0.000%: $0.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $165.73
Costs to cover: 0.200%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; ApeX Omni: live order book, 55 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 55 min ago	19.52 bp	42.9 bp −$43	doesn't fit	doesn't fit	doesn't fit

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_LAYERUSDlong	−0.0783%	1h	0.07710	long leg	$8K	$964	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.652%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07724	+0.186%	$601K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07691	−0.240%	$9K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07708	−0.023%	$2.1M	$2.5M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07706	−0.049%	$714K	$697K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07690	−0.256%	$137K	$53K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07708	−0.023%	$345K	$118K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07708	−0.023%	$1.1M	$167K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07715	+0.068%	—	$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 LAYERUSDTshort	+0.0100%	1h	0.07710	+0.003%	$26K	$182K	50x
Extended LAYER-USD	+0.0104%	1h	0.07706	−0.055%	$2K	$176K	5x	as long as short
BloFin LAYER-USDT	+0.0131%	4h	0.07712	+0.029%	$114K	$14K	50x	as long as short