LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against BloFin+0.197%55s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as 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−$1091.086% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.197%, 7d avg +0.049%

Together, before fees−0.115%−$12 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 Bitget is 0.148% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 55 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	0.07616	0.0066	pay 0.0033% / 4h	2h 20m	$113K	$15K	50x
Short	Bitget LAYERUSDT	0.07631	0.0100	get 0.0050% / 4h	2h 20m	$1.1M	$112K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.197%Rate

Funding earned: $7.17
Price spread: +0.197% → +0.049%: $14.78
Slippage, 4 orders: −$84.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.67
Costs to cover: 1.086%
Break-even: 91.6 days

Slippage from BloFin: live order book, 58 min ago; Bitget: live order book, 1 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, 58 min ago	7.80 bp	26.0 bp −$26	98.3 bp −$983	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	6.55 bp	28.2 bp −$28	152.0 bp −$1,520	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	−0.0416%	1h	0.07635	+0.244%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.491%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTlong	+0.0066%	4h	0.07616	long leg	$113K	$15K	50x
OKX LAYER-USDT-SWAP	+0.0096%	4h	0.07628	+0.158%	$714K	$668K	20x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07637	+0.270%	$588K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07626	+0.135%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07632	+0.210%	$2.1M	$2.4M	50x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07630	+0.184%	$141K	$41K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07632	+0.210%	$371K	$132K	20x	as long as short
Bitget LAYERUSDTshort	+0.0100%	4h	0.07631	+0.197%	$1.1M	$112K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07636	+0.263%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07590	−0.341%	$16K	$195K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07630	+0.183%	$272	$213K	5x	as long as short