Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.013%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.013%, 7d avg +0.033%
=Together, before fees+0.075%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended LAYER-USD | 0.07572 | 0.0104 | pay 0.0013% / 1h | 31m 02s | $2K | $174K | 5x |
| Short | Binance LAYERUSDT | 0.07573 | 0.0100 | get 0.0050% / 4h | 2h 31m | $2.0M | $2.3M | 50x |
Extended LAYER-USD
Binance LAYERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.013% → +0.033%
- −$1.95
- Slippage, 4 orders
- −$107.67
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.47
- Costs to cover
- 1.227%
- Break-even
- never at this rate
Slippage from Extended: live order book, 55 min ago; Binance: live order book, 4 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 Extended live order book, 55 min ago | 4.34 bp | 45.4 bp −$45 | 316.0 bp −$3,160 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.98 bp | 22.7 bp −$23 | 85.8 bp −$858 | 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 | −0.0468% | 1h | 0.07575 | +0.049% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −3.929% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07580 | +0.116% | $583K | $161K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07569 | −0.036% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDTshort | +0.0100% | 4h | 0.07573 | +0.013% | $2.0M | $2.3M | 50x | |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07568 | −0.046% | $697K | $639K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07572 | +0.006% | $135K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07572 | +0.006% | $349K | $115K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07563 | −0.113% | $1.1M | $162K | 50x | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07570 | −0.020% | $25K | $185K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDT
ApeX Omni LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended LAYER-USDlong | +0.0104% | 1h | 0.07572 | long leg | $2K | $174K | 5x | |
| BingX LAYER-USDT | +0.0124% | 4h | 0.07578 | +0.086% | — | $1.6M | — | as long as short |
| BloFin LAYER-USDT | +0.0160% | 4h | 0.07572 | +0.006% | $113K | $12K | 50x | as long as short |
BingX LAYER-USDT
BloFin LAYER-USDT