Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget−0.078%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1311.312% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.078%, 7d avg −0.075%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget LAYERUSDT | 0.07693 | 0.0100 | pay 0.0050% / 4h | 41m 22s | $1.1M | $106K | 50x |
| Short | OKX LAYER-USDT-SWAP | 0.07687 | 0.0100 | get 0.0050% / 4h | 41m 22s | $716K | $611K | 20x |
Bitget LAYERUSDT
OKX LAYER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- Price spread: −0.078% → −0.075%
- −$0.25
- Slippage, 4 orders
- −$109.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$131.45
- Costs to cover
- 1.312%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 60 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 Bitget live order book, 5 min ago | 9.10 bp | 32.8 bp −$33 | 188.2 bp −$1,882 | doesn't fit | doesn't fit |
| Sell OKX live order book, 60 min ago | 1.30 bp | 45.3 bp −$45 | doesn't fit | 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 | −0.0147% | 1h | 0.07670 | −0.295% | $8K | $54 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −5.447% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07704 | +0.147% | $593K | $162K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07697 | +0.053% | $10K | $4K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07692 | −0.011% | $2.1M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAPshort | +0.0100% | 4h | 0.07687 | −0.078% | $716K | $611K | 20x | |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07699 | +0.078% | $142K | $38K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07690 | −0.039% | $370K | $128K | 20x | as long as short |
| Bitget LAYERUSDTlong | +0.0100% | 4h | 0.07693 | long leg | $1.1M | $106K | 50x | |
| BingX LAYER-USDT | +0.0100% | 4h | 0.07694 | +0.013% | — | $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
BingX LAYER-USDTShow 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 | −0.039% | $16K | $193K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07691 | −0.027% | $254 | $216K | 5x | as long as short |
| BloFin LAYER-USDT | +0.0123% | 4h | 0.07690 | −0.039% | $113K | $15K | 50x | as long as short |
ApeX Omni LAYERUSDT
Extended LAYER-USD
BloFin LAYER-USDT