Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against OKX+0.013%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 3 days (all we have)+0.125%+$12 · spread now +0.013%, 7d avg +0.025%
=The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LAYER-USDT-SWAP | 0.07630 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $700K | $653K | 20x |
| Short | BloFin LAYER-USDT | 0.07631 | 0.0138 | get 0.0069% / 4h | 1h 54m | $113K | $12K | 50x |
OKX LAYER-USDT-SWAP
BloFin LAYER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.05
- Price spread: +0.013% → +0.025%
- −$1.23
- Slippage, 4 orders
- −$95.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.62
- Costs to cover
- 1.174%
- Break-even
- 103.2 days
Slippage from OKX: live order book, 26 min ago; BloFin: live order book, 18 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, 26 min ago | 3.27 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 0.65 bp | 17.4 bp −$17 | 63.3 bp −$633 | 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 | −0.0448% | 1h | 0.07637 | +0.093% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.666% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07642 | +0.159% | $587K | $162K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07634 | +0.058% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07635 | +0.066% | $2.1M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAPlong | +0.0100% | 4h | 0.07630 | long leg | $700K | $653K | 20x | |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07635 | +0.066% | $137K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07634 | +0.052% | $352K | $112K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07637 | +0.092% | $1.1M | $163K | 50x | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07640 | +0.131% | $26K | $185K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDT
ApeX Omni LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended LAYER-USD | +0.0104% | 1h | 0.07633 | +0.036% | $2K | $174K | 5x | as long as short |
| BloFin LAYER-USDTshort | +0.0138% | 4h | 0.07631 | +0.013% | $113K | $12K | 50x | |
| BingX LAYER-USDT | +0.0172% | 4h | 0.07639 | +0.118% | — | $1.6M | — | as long as short |
Extended LAYER-USD
BingX LAYER-USDT