LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.021%

Price spread now: Injective against Extended−5.507%60s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.507% cheaper against Extended than usual: you would sell low and buy high (−$551 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 60 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	Extended LAYER-USD	0.07698	0.0104	pay 0.0013% / 1h	18m 13s	$2K	$220K	5x
Short	Injective LAYER/USDC PERP	0.07274	0.0033	get 0.0004% / 1h	18m 13s	—	$18K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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 ExtendedbpFee InjectivebpOrdersPrice spread, now −5.507%Rate

Funding earned: −$14.84
Price spread: −5.507% → 0.000%: −$550.67
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$570.53
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 13 min ago; Injective: no order-book sample. Net counts fees only.

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, 13 min ago	3.87 bp	36.3 bp −$36	279.4 bp −$2,794	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0946%	1h	0.07708	+0.129%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERPshort	+0.0033%	1h	0.07274	−5.507%	—	$18K	5.5x
Hyperliquid LAYER	+0.0100%	1h	0.07703	+0.062%	$593K	$152K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07705	+0.092%	$10K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07700	+0.027%	$2.1M	$2.1M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07700	+0.027%	$715K	$546K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07692	−0.077%	$142K	$37K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07700	+0.027%	$404K	$130K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07690	−0.103%	$1.1M	$93K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07703	+0.066%	—	$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	0.07690	−0.103%	$14K	$194K	50x	as long as short
Extended LAYER-USDlong	+0.0104%	1h	0.07698	long leg	$2K	$220K	5x
BloFin LAYER-USDT	+0.0149%	4h	0.07700	+0.027%	$114K	$9K	50x	as long as short