Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against OKX+0.037%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1521.519% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.037%, 7d avg +0.006%
=Together, before fees−0.089%+ Points / potential airdropExtended: Active · farm board−$9 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: Extended is 0.031% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.
| 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 10m | $721K | $729K | 20x |
| Short | Extended LAYER-USD | 0.07655 | 0.0104 | get 0.0013% / 1h | 10m 41s | $2K | $165K | 5x |
OKX LAYER-USDT-SWAP
Extended LAYER-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: +0.037% → +0.006%
- $3.06
- Slippage, 4 orders
- −$136.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$147.99
- Costs to cover
- 1.519%
- Break-even
- 1240.2 days
Slippage from OKX: live order book, 55 min ago; Extended: live order book, 55 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 Extended live order book, 55 min ago | 3.77 bp | 30.6 bp −$31 | 240.8 bp −$2,408 | 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 | 0.07673 | +0.271% | $596K | $168K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07662 | +0.131% | $9K | $4K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07657 | +0.062% | $2.1M | $2.6M | 50x | as long as short |
| 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 | 0.07657 | +0.065% | $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 | 0.07662 | +0.131% | — | $1.6M | — | 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
BingX LAYER-USDTShow 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-USDshort | +0.0104% | 1h | 0.07655 | +0.037% | $2K | $165K | 5x |
ApeX Omni LAYERUSDT