Settings8H · net · $10k
Funding arb · Price arb /

LAYER

all LAYER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against ApeX Omni−0.065%90s7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1481.480% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.065%, 7d avg −0.077%
Together, before fees−0.025%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LAYERUSDT0.077100.0100pay 0.0013% / 1h35m 59s$26K$182K50x
ShortOKX LAYER-USDT-SWAP0.077050.0100get 0.0050% / 4h3h 35m$708K$688K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against ApeX Omni. 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

Funding earned
$0
Price spread: −0.065% → −0.077%
$1.19
Slippage, 4 orders
−$128.03
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$146.84
Costs to cover
1.480%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; OKX: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 35 min ago19.52 bp53.1 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 35 min ago3.25 bp25.8 bp −$26doesn't fitdoesn't fitdoesn't fit

LAYER on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_LAYERUSD−0.0782%1h0.07719+0.114%$8K$96410xas long as short
Injective LAYER/USDC PERP+0.0033%1h0.07274−5.655%$18K5.5xas long as short
Hyperliquid LAYER+0.0100%1h0.07725+0.200%$599K$167K3xas long as short
Aster LAYERUSDT+0.0100%4h0.07709−0.008%$10K$3K5xas long as short
Binance LAYERUSDT+0.0100%4h0.07714+0.052%$2.1M$2.4M50xas long as short
OKX LAYER-USDT-SWAPshort+0.0100%4h0.07705−0.065%$708K$688K20x
Gate LAYER_USDT+0.0100%4h0.07708−0.026%$138K$52K20xas long as short
MEXC LAYER_USDT+0.0100%4h0.07714+0.052%$351K$116K20xas long as short
Bitget LAYERUSDT+0.0100%4h0.077100.000%$1.1M$165K50xas long as short
BingX LAYER-USDT+0.0100%4h0.07719+0.117%$1.6Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni LAYERUSDTlong+0.0100%1h0.07710long leg$26K$182K50x
Extended LAYER-USD+0.0104%1h0.07711+0.008%$2K$176K5xas long as short
BloFin LAYER-USDT+0.0115%4h0.07702−0.104%$114K$14K50xas long as short