LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against OKX−0.630%93s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1111.112% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.768%+$77 · spread now −0.630%, 7d avg +0.029%

Together, before fees+0.730%+$73 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: BloFin is 0.660% cheaper against OKX than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 93 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	OKX LAYER-USDT-SWAP	0.07774	0.0100	pay 0.0050% / 4h	3h 01m	$745K	$612K	20x
Short	BloFin LAYER-USDT	0.07725	0.0104	get 0.0052% / 4h	3h 01m	$113K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.630%Rate

Funding earned: $0.93
Price spread: −0.630% → +0.029%: −$65.97
Slippage, 4 orders: −$89.2
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$176.24
Costs to cover: 1.112%
Break-even: 1336.7 days

Slippage from OKX: live order book, 29 min ago; BloFin: live order book, 54 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, 29 min ago	4.59 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 54 min ago	2.61 bp	20.5 bp −$21	64.5 bp −$645	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	−0.0941%	1h	0.07752	−0.289%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−6.432%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07770	−0.053%	$598K	$151K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07764	−0.123%	$10K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07762	−0.154%	$2.1M	$2.1M	50x	as long as short
OKX LAYER-USDT-SWAPlong	+0.0100%	4h	0.07774	long leg	$745K	$612K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07772	−0.026%	$400K	$133K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07779	+0.064%	$1.1M	$96K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07779	+0.064%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07730	−0.566%	$14K	$193K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended LAYER-USD	+0.0104%	1h	0.07772	−0.028%	$3K	$215K	5x	as long as short
BloFin LAYER-USDTshort	+0.0104%	4h	0.07725	−0.630%	$113K	$9K	50x
Gate LAYER_USDT	+0.0418%	4h	0.07774	0.000%	$144K	$37K	20x	as long as short