Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate−0.026%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2272.268% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.026%, 7d avg −0.016%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate LAYER_USDT | 0.07570 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $135K | $54K | 20x |
| Short | Binance LAYERUSDT | 0.07568 | 0.0100 | get 0.0050% / 4h | 2h 44m | $2.0M | $2.3M | 50x |
Gate LAYER_USDT
Binance LAYERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- Price spread: −0.026% → −0.016%
- −$1.04
- Slippage, 4 orders
- −$201.81
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$227.85
- Costs to cover
- 2.268%
- Break-even
- never at this rate
Slippage from Gate: live order book, 38 min ago; Binance: live order book, 5 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 Gate live order book, 38 min ago | 8.56 bp | 107.2 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.98 bp | 21.8 bp −$22 | 80.3 bp −$803 | 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 | 0.07572 | +0.032% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −3.910% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDT | +0.0064% | 4h | 0.07567 | −0.040% | $113K | $12K | 50x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07578 | +0.102% | $583K | $162K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07575 | +0.065% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDTshort | +0.0100% | 4h | 0.07568 | −0.026% | $2.0M | $2.3M | 50x | |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07568 | −0.026% | $697K | $643K | 20x | as long as short |
| Gate LAYER_USDTlong | +0.0100% | 4h | 0.07570 | long leg | $135K | $54K | 20x | |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07567 | −0.040% | $348K | $114K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07567 | −0.040% | $1.1M | $161K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
BloFin LAYER-USDT
Hyperliquid LAYER
Aster LAYERUSDT
OKX LAYER-USDT-SWAP
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07560 | −0.132% | $25K | $187K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07570 | +0.003% | $2K | $174K | 5x | as long as short |
| BingX LAYER-USDT | +0.0176% | 4h | 0.07573 | +0.040% | — | $1.6M | — | as long as short |
ApeX Omni LAYERUSDT
Extended LAYER-USD
BingX LAYER-USDT