Funding arb · Price arb /

LAYER

all LAYER markets

Swap Backtest

Alert: funding

Alert: spread

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: BingX against OKX+0.156%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.156%, 7d avg +0.069%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.087% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LAYER-USDT-SWAP	0.07697	0.0100	pay 0.0050% / 4h	3h 59m	$709K	$698K	20x
Short	BingX LAYER-USDT	0.07709	0.0100	get 0.0050% / 4h	3h 59m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.156%Rate

Funding earned: $0
Price spread: +0.156% → +0.069%: $8.67
Slippage, 4 orders: −$70.93
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.26
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from OKX: live order book, 12 min ago; BingX: live order book, 7 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, 12 min ago	3.25 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	5.19 bp	10.2 bp −$10	59.5 bp −$595	527.9 bp −$52.8K	802.5 bp −$401.2K

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	−0.0783%	1h	0.07706	+0.113%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.496%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07712	+0.190%	$594K	$169K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07705	+0.099%	$10K	$3K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07705	+0.100%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAPlong	+0.0100%	4h	0.07697	long leg	$709K	$698K	20x
Gate LAYER_USDT	+0.0100%	4h	0.07706	+0.117%	$137K	$52K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07706	+0.117%	$341K	$113K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07711	+0.182%	$1.1M	$166K	50x	as long as short
BingX LAYER-USDTshort	+0.0100%	4h	0.07709	+0.156%	—	$1.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07700	+0.039%	$26K	$183K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07703	+0.080%	$2K	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0135%	4h	0.07707	+0.130%	$112K	$12K	50x	as long as short