LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against Binance+0.065%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.065%, 7d avg −0.011%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.076% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LAYERUSDT	0.07670	0.0100	pay 0.0050% / 4h	1h 36m	$2.1M	$2.6M	50x
Short	BloFin LAYER-USDT	0.07675	0.0124	get 0.0062% / 4h	1h 36m	$115K	$14K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.065%Rate

Funding earned: $5.08
Price spread: +0.065% → −0.011%: $7.65
Slippage, 4 orders: −$80.22
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$89.49
Costs to cover: 1.022%
Break-even: 130.3 days

Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 73 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 Binance live order book, 13 min ago	1.96 bp	29.5 bp −$29	193.1 bp −$1,931	doesn't fit	doesn't fit
Sell BloFin live order book, 73 min ago	0.65 bp	29.0 bp −$29	84.6 bp −$846	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	−0.0419%	1h	0.07672	+0.032%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.163%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07684	+0.180%	$597K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07680	+0.130%	$9K	$4K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07670	long leg	$2.1M	$2.6M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07664	−0.078%	$717K	$736K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07680	+0.130%	$138K	$50K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07671	+0.013%	$340K	$117K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07682	+0.156%	$1.1M	$166K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07676	+0.078%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07690	+0.261%	$25K	$187K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07668	−0.027%	$746	$170K	5x	as long as short
BloFin LAYER-USDTshort	+0.0124%	4h	0.07675	+0.065%	$115K	$14K	50x