Funding you earn now, next payment 03:00 UTC−0.0518%/8h= −56.8% APRpaid last 24h −0.211%
Price spread now: Kraken Futures against OKX+0.010%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 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 | 0.07684 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $721K | $743K | 20x |
| Short | Kraken Futures PF_LAYERUSD | 0.07685 | −0.0418 | pay 0.0052% / 1h | 15m 46s | $8K | $54 | 10x |
OKX LAYER-USDT-SWAP
Kraken Futures PF_LAYERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$108.87
- Price spread: +0.010% → 0.000%
- $1.02
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$127.85
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 45 min ago; Kraken Futures: 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 OKX live order book, 45 min ago | 2.61 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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_LAYERUSDshort | −0.0418% | 1h | 0.07685 | +0.010% | $8K | $54 | 10x | |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −5.336% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDT | +0.0097% | 4h | 0.07703 | +0.247% | $89K | $14K | 50x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07701 | +0.216% | $598K | $167K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07694 | +0.126% | $9K | $4K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07688 | +0.052% | $2.1M | $2.6M | 50x | as long as short |
| OKX LAYER-USDT-SWAPlong | +0.0100% | 4h | 0.07684 | long leg | $721K | $743K | 20x | |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07695 | +0.143% | $138K | $50K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07687 | +0.039% | $341K | $118K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07688 | +0.052% | $1.1M | $169K | 50x | as long as short |
Injective LAYER/USDC PERP
BloFin LAYER-USDT
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LAYER-USDT | +0.0100% | 4h | 0.07692 | +0.104% | — | $1.6M | — | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07710 | +0.338% | $25K | $187K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07686 | +0.025% | $746 | $170K | 5x | as long as short |
BingX LAYER-USDT
ApeX Omni LAYERUSDT
Extended LAYER-USD