Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.052%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1411.415% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.052%, 7d avg +0.041%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX LAYER-USDT-SWAP | 0.07627 | 0.0100 | pay 0.0050% / 4h | 46m 45s | $715K | $738K | 20x |
| Short | Binance LAYERUSDT | 0.07631 | 0.0100 | get 0.0050% / 4h | 46m 45s | $2.1M | $2.6M | 50x |
OKX LAYER-USDT-SWAP
Binance LAYERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: +0.052% → +0.041%
- $1.15
- Slippage, 4 orders
- −$121.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$140.3
- Costs to cover
- 1.415%
- Break-even
- never at this rate
Slippage from OKX: live order book, 9 min ago; Binance: live order book, 3 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 OKX live order book, 9 min ago | 2.61 bp | 39.8 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.31 bp | 32.2 bp −$32 | 103.2 bp −$1,032 | 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 | −0.0512% | 1h | 0.07627 | +0.001% | $8K | $54 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.628% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDT | +0.0089% | 4h | 0.07630 | +0.039% | $115K | $16K | 50x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07642 | +0.191% | $593K | $168K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07631 | +0.054% | $9K | $4K | 5x | as long as short |
| Binance LAYERUSDTshort | +0.0100% | 4h | 0.07631 | +0.052% | $2.1M | $2.6M | 50x | |
| OKX LAYER-USDT-SWAPlong | +0.0100% | 4h | 0.07627 | long leg | $715K | $738K | 20x | |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07634 | +0.092% | $137K | $46K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07628 | +0.013% | $338K | $116K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07632 | +0.066% | $1.1M | $168K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
BloFin LAYER-USDT
Hyperliquid LAYER
Aster LAYERUSDT
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LAYER-USDT | +0.0100% | 4h | 0.07633 | +0.079% | — | $1.6M | — | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07640 | +0.170% | $16K | $191K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07629 | +0.027% | $5K | $170K | 5x | as long as short |
BingX LAYER-USDT
ApeX Omni LAYERUSDT
Extended LAYER-USD