LAYER

Alert

Funding spread now, next payment 19:00 UTC−0.0726%/8h

next payment, per $10,000−$0.91paid, last 24h−0.188%paid, last 4 days−0.723%to open and closeno order book

Long on Extended Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LAYER-USD	0.07579	0.0104	pay 0.0013% / 1h	16m 09s	$2K	$174K	5x
Short	Kraken Futures PF_LAYERUSD	0.07580	−0.0622	pay 0.0078% / 1h	16m 09s	$8K	$964	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Kraken FuturesbpOrdersRate

Funding earned: −$152.56
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$167.56
Break-even: never at this rate

Slippage unknown: Extended: live order book, 58 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.013%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 58 min ago	5.28 bp	40.5 bp −$41	289.5 bp −$2,895	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LAYERUSDshort	−0.0622%	1h	$8K	$964	10x
Injective LAYER/USDC PERP	+0.0033%	1h	—	$34K	5.5x	as long as short
BloFin LAYER-USDT	+0.0055%	4h	$116K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	$585K	$170K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	$698K	$669K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	$135K	$54K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	$349K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	$1.1M	$159K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	$25K	$193K	50x	as long as short
Extended LAYER-USDlong	+0.0104%	1h	$2K	$174K	5x