LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.006%

Price spread now: MEXC against BloFin−0.039%64s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$650.647% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.039%, 7d avg +0.014%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.053% cheaper against BloFin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 64 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	0.07650	0.0109	pay 0.0055% / 4h	24m 11s	$113K	$12K	50x
Short	MEXC LAYER_USDT	0.07647	0.0100	get 0.0050% / 4h	24m 11s	$339K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$1.91
Price spread: −0.039% → +0.014%: −$5.31
Slippage, 4 orders: −$52.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$71.9
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; MEXC: live order book, 36 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, 36 min ago	3.92 bp	16.7 bp −$17	70.2 bp −$702	doesn't fit	doesn't fit
Sell MEXC live order book, 36 min ago	1.96 bp	11.3 bp −$11	52.3 bp −$523	176.1 bp −$17.6K	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	−0.0547%	1h	0.07649	−0.009%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.915%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07660	+0.129%	$590K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07658	+0.102%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07647	−0.035%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07643	−0.092%	$706K	$668K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07656	+0.078%	$136K	$55K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07647	−0.039%	$339K	$115K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07657	+0.092%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07651	+0.013%	—	$1.6M	—	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	0.07650	0.000%	$26K	$183K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07647	−0.046%	$2K	$174K	5x	as long as short
BloFin LAYER-USDTlong	+0.0109%	4h	0.07650	long leg	$113K	$12K	50x