LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0875%/8h= +95.8% APRnext payment +$1.09 per $10,000 · paid last 24h +0.147%

Price spread now: Injective against Kraken Futures−4.359%63s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Funding pays, the price is against you. Injective is 4.359% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −4.359% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$436 on $10k: about 17 days of funding at the current rate (+$26 a day). The two prices were read 63 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	Kraken Futures PF_LAYERUSD	0.07606	−0.0842	get 0.0105% / 1h	48m 16s	$8K	$54	10x
Short	Injective LAYER/USDC PERP	0.07274	0.0033	get 0.0004% / 1h	48m 16s	—	$18K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −4.359%Rate

Funding earned: $183.8
Price spread: −4.359% → 0.000%: −$435.89
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$262.12
Costs to cover: 0.100%
Break-even: 17.0 days

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures and 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 exchanges

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_LAYERUSDlong	−0.0842%	1h	0.07606	long leg	$8K	$54	10x
Injective LAYER/USDC PERPshort	+0.0033%	1h	0.07274	−4.359%	—	$18K	5.5x
BloFin LAYER-USDT	+0.0050%	4h	0.07603	−0.033%	$114K	$8K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07604	−0.015%	$586K	$149K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07587	−0.248%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07599	−0.086%	$2.1M	$2.0M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07604	−0.020%	$712K	$632K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07598	−0.099%	$139K	$34K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07601	−0.059%	$392K	$125K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07605	−0.007%	$1.1M	$84K	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07603	−0.033%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07600	−0.073%	$14K	$194K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07596	−0.119%	$2K	$205K	5x	as long as short