LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against MEXC+0.354%109s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as 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−$810.813% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.354%, 7d avg −0.011%

Together, before fees−0.358%−$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.364% dearer against MEXC than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 109 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	MEXC LAYER_USDT	0.07635	0.0100	pay 0.0050% / 4h	2h 41m	$371K	$130K	20x
Short	BloFin LAYER-USDT	0.07662	0.0095	get 0.0048% / 4h	2h 41m	$114K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.354%Rate

Funding earned: −$0.97
Price spread: +0.354% → −0.011%: $36.44
Slippage, 4 orders: −$69.29
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.81
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from MEXC: live order book, 54 min ago; BloFin: live order book, 37 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 MEXC live order book, 54 min ago	2.60 bp	14.6 bp −$15	51.7 bp −$517	126.1 bp −$12.6K	doesn't fit
Sell BloFin live order book, 37 min ago	7.80 bp	24.9 bp −$25	75.8 bp −$758	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	−0.0416%	1h	0.07643	+0.107%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.728%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTshort	+0.0095%	4h	0.07662	+0.354%	$114K	$15K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07644	+0.117%	$593K	$162K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07632	−0.041%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07633	−0.026%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07630	−0.065%	$711K	$660K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07645	+0.131%	$141K	$41K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07635	long leg	$371K	$130K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07629	−0.079%	$1.1M	$114K	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	0.07635	0.000%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07660	+0.327%	$19K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07641	+0.079%	$4K	$208K	5x	as long as short