LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.007%

Price spread now: Gate against BloFin+0.065%63s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$291as 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−$2922.924% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.065%, 7d avg +0.030%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.035% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 63 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	0.0086	pay 0.0043% / 4h	1h 38m	$115K	$14K	50x
Short	Gate LAYER_USDT	0.07680	0.0100	get 0.0050% / 4h	1h 38m	$138K	$50K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.065%Rate

Funding earned: $3.02
Price spread: +0.065% → +0.030%: $3.51
Slippage, 4 orders: −$265.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$285.9
Costs to cover: 2.924%
Break-even: 670.6 days

Slippage from BloFin: live order book, 72 min ago; Gate: live order book, 17 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, 72 min ago	0.65 bp	17.1 bp −$17	68.8 bp −$688	doesn't fit	doesn't fit
Sell Gate live order book, 17 min ago	16.92 bp	95.3 bp −$95	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	−0.0419%	1h	0.07674	−0.019%	$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
BloFin LAYER-USDTlong	+0.0086%	4h	0.07675	long leg	$115K	$14K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07683	+0.098%	$597K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07683	+0.099%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07670	−0.059%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07661	−0.182%	$717K	$735K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07680	+0.065%	$138K	$50K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07673	−0.026%	$340K	$117K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07681	+0.078%	$1.1M	$166K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07672	−0.039%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07680	+0.065%	$25K	$186K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07668	−0.098%	$746	$170K	5x	as long as short