Funding arb · Price arb /

LAYER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni−0.118%59s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1521.523% of the position

Long on ApeX Omni Short on Binance

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)−0.018%−$2 · spread now −0.118%, 7d avg −0.039%

Together, before fees−0.040%−$4 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 0.078% cheaper against ApeX Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 59 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	ApeX Omni LAYERUSDT	0.07640	0.0100	pay 0.0013% / 1h	46m 34s	$16K	$191K	50x
Short	Binance LAYERUSDT	0.07631	0.0100	get 0.0050% / 4h	46m 34s	$2.1M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.039%: −$7.84
Slippage, 4 orders: −$132.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$160.13
Costs to cover: 1.523%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 9 min ago; Binance: live order book, 4 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 ApeX Omni live order book, 9 min ago	19.57 bp	42.7 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.31 bp	32.2 bp −$32	103.2 bp −$1,032	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	−0.0512%	1h	0.07627	−0.170%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.791%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0089%	4h	0.07630	−0.131%	$115K	$16K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07644	+0.048%	$593K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07631	−0.115%	$9K	$4K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07631	−0.118%	$2.1M	$2.6M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07627	−0.170%	$715K	$738K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07634	−0.079%	$137K	$46K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07628	−0.157%	$338K	$116K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07632	−0.105%	$1.1M	$168K	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	0.07633	−0.092%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDTlong	+0.0100%	1h	0.07640	long leg	$16K	$191K	50x
Extended LAYER-USD	+0.0104%	1h	0.07629	−0.144%	$5K	$170K	5x	as long as short