Funding arb · Price arb /

LAYER

all LAYER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.062%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1291.295% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.062%, 7d avg +0.038%

Together, before fees−0.068%−$7 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: Binance is 0.023% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LAYER-USDT-SWAP	0.07652	0.0100	pay 0.0050% / 4h	2h 11m	$721K	$729K	20x
Short	Binance LAYERUSDT	0.07657	0.0100	get 0.0050% / 4h	2h 11m	$2.1M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.038%: $2.32
Slippage, 4 orders: −$109.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$127.14
Costs to cover: 1.295%
Break-even: never at this rate

Slippage from OKX: live order book, 55 min ago; Binance: live order book, 9 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 OKX live order book, 55 min ago	1.95 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.65 bp	28.1 bp −$28	100.8 bp −$1,008	doesn't fit	doesn't fit

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	−0.0747%	1h	0.07660	+0.099%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.940%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07674	+0.290%	$596K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07662	+0.126%	$9K	$4K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07657	+0.062%	$2.1M	$2.6M	50x
OKX LAYER-USDT-SWAPlong	+0.0100%	4h	0.07652	long leg	$721K	$729K	20x
Gate LAYER_USDT	+0.0100%	4h	0.07668	+0.209%	$136K	$48K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07654	+0.026%	$339K	$121K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07663	+0.144%	$1.1M	$169K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07663	+0.144%	—	$1.6M	—	as long as short

Show 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	+0.235%	$26K	$186K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07655	+0.041%	$2K	$165K	5x	as long as short