LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against MEXC+0.091%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.091%, 7d avg −0.010%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.101% dearer against MEXC than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LAYER_USDT	0.07673	0.0100	pay 0.0050% / 4h	1h 04m	$372K	$132K	20x
Short	BloFin LAYER-USDT	0.07680	0.0148	get 0.0074% / 4h	1h 04m	$113K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.091%Rate

Funding earned: $9.98
Price spread: +0.091% → −0.010%: $10.14
Slippage, 4 orders: −$60.31
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$52.19
Costs to cover: 0.723%
Break-even: 43.6 days

Slippage from MEXC: live order book, 21 min ago; BloFin: live order book, 2 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 MEXC live order book, 21 min ago	2.61 bp	13.2 bp −$13	50.9 bp −$509	142.2 bp −$14.2K	doesn't fit
Sell BloFin live order book, 2 min ago	6.52 bp	19.6 bp −$20	69.2 bp −$692	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	−0.0275%	1h	0.07677	+0.046%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.200%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07685	+0.154%	$592K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07672	−0.010%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07672	−0.009%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07669	−0.052%	$715K	$629K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07681	+0.104%	$142K	$40K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07673	long leg	$372K	$132K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07670	−0.039%	$1.1M	$109K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07674	+0.013%	—	$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	+0.222%	$16K	$192K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07670	−0.038%	$2K	$217K	5x	as long as short
BloFin LAYER-USDTshort	+0.0148%	4h	0.07680	+0.091%	$113K	$15K	50x