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: BingX against BloFin+0.104%51s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as 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−$1051.049% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.104%, 7d avg +0.045%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.059% dearer against BloFin than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.045%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. The two prices were read 51 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	0.07675	0.0124	pay 0.0062% / 4h	1h 36m	$115K	$14K	50x
Short	BingX LAYER-USDT	0.07683	0.0100	get 0.0050% / 4h	1h 36m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$5.08
Price spread: +0.104% → +0.045%: $5.89
Slippage, 4 orders: −$82.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$104.14
Costs to cover: 1.049%
Break-even: never at this rate

Slippage from BloFin: live order book, 74 min ago; BingX: live order book, 10 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, 74 min ago	0.65 bp	17.1 bp −$17	68.8 bp −$688	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.52 bp	26.0 bp −$26	98.0 bp −$980	514.3 bp −$51.4K	813.2 bp −$406.6K

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	−0.033%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.225%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07690	+0.195%	$598K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07679	+0.058%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07682	+0.091%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07673	−0.026%	$717K	$737K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07680	+0.065%	$138K	$50K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07674	−0.013%	$340K	$117K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07682	+0.091%	$1.1M	$166K	50x	as long as short
BingX LAYER-USDTshort	+0.0100%	4h	0.07683	+0.104%	—	$1.6M	—

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	+0.195%	$25K	$187K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07673	−0.029%	$746	$170K	5x	as long as short
BloFin LAYER-USDTlong	+0.0124%	4h	0.07675	long leg	$115K	$14K	50x