LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against BloFin−0.021%71s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$840.840% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.021%, 7d avg +0.014%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.035% cheaper against BloFin than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.014%). If the spread goes back, that is −$4 on $10k: about 7.9 days of funding at the current rate ($0 a day). The two prices were read 71 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	BloFin LAYER-USDT	0.07623	0.0085	pay 0.0043% / 4h	1h 31m	$113K	$12K	50x
Short	Binance LAYERUSDT	0.07621	0.0100	get 0.0050% / 4h	1h 31m	$2.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: $3.14
Price spread: −0.021% → +0.014%: −$3.54
Slippage, 4 orders: −$61.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$84.39
Costs to cover: 0.840%
Break-even: 195.4 days

Slippage from BloFin: live order book, 40 min ago; Binance: live order book, 3 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 BloFin live order book, 40 min ago	0.65 bp	18.2 bp −$18	67.4 bp −$674	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.97 bp	27.4 bp −$27	89.0 bp −$890	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	−0.0449%	1h	0.07625	+0.025%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.578%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTlong	+0.0085%	4h	0.07623	long leg	$113K	$12K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07622	−0.013%	$588K	$165K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07624	+0.007%	$9K	$2K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07621	−0.021%	$2.1M	$2.4M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07613	−0.131%	$701K	$659K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07625	+0.026%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07622	−0.013%	$352K	$113K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07624	+0.013%	$1.1M	$167K	50x	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	0.07610	−0.171%	$25K	$186K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07619	−0.049%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0226%	4h	0.07625	+0.026%	—	$1.6M	—	as long as short