LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0580%/8h= +63.5% APRnext payment +$0.72 per $10,000 · paid last 24h +0.175%

Price spread now: Injective against Kraken Futures−4.995%63s7-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 Injective

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

Funding pays, the price is against you. Injective is 4.995% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −4.995% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$499 on $10k: about 29 days of funding at the current rate (+$17 a day). The two prices were read 63 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	0.07656	−0.0546	get 0.0068% / 1h	31m 56s	$8K	$964	10x
Short	Injective LAYER/USDC PERP	0.07274	0.0033	get 0.0004% / 1h	31m 56s	—	$18K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.995%Rate

Funding earned: $121.76
Price spread: −4.995% → 0.000%: −$499.49
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$387.75
Costs to cover: 0.100%
Break-even: 29.3 days

Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures and 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 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	0.07656	long leg	$8K	$964	10x
Injective LAYER/USDC PERPshort	+0.0033%	1h	0.07274	−4.995%	—	$18K	5.5x
BloFin LAYER-USDT	+0.0082%	4h	0.07655	−0.019%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07664	+0.094%	$590K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07646	−0.141%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07651	−0.071%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07650	−0.084%	$706K	$668K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07653	−0.045%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07652	−0.058%	$339K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07657	+0.007%	$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	+0.020%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07650	−0.084%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07651	−0.077%	$2K	$174K	5x	as long as short