LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0650%/8h= +71.2% APRnext payment +$0.81 per $10,000 · paid last 24h +0.196%

Price spread now: Extended against Kraken Futures−0.088%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Extended

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

Funding pays, the price is against you. Extended is 0.088% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LAYERUSD	0.07658	−0.0546	get 0.0068% / 1h	32m 24s	$8K	$964	10x
Short	Extended LAYER-USD	0.07651	0.0104	get 0.0013% / 1h	32m 24s	$2K	$174K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.088%Rate

Funding earned: $136.59
Price spread: −0.088% → 0.000%: −$8.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $112.82
Costs to cover: 0.150%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 44 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 Extended live order book, 44 min ago	4.85 bp	40.7 bp −$41	274.9 bp −$2,749	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	−0.0546%	1h	0.07658	long leg	$8K	$964	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.011%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0082%	4h	0.07655	−0.036%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07664	+0.086%	$590K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07645	−0.165%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07652	−0.074%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07648	−0.127%	$706K	$667K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07653	−0.062%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07652	−0.075%	$339K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07657	−0.009%	$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	+0.004%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07650	−0.101%	$26K	$184K	50x	as long as short
Extended LAYER-USDshort	+0.0104%	1h	0.07651	−0.088%	$2K	$174K	5x