Funding arb · Price arb /

LAYER

all LAYER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: MEXC against Aster−0.023%7-day average — · you buy dearer than you sell

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

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.023% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LAYERUSDT	0.07725	0.0100	pay 0.0050% / 4h	3h 59m	$10K	$4K	5x
Short	MEXC LAYER_USDT	0.07723	0.0100	get 0.0050% / 4h	3h 59m	$366K	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → 0.000%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$10.32
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 41 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell MEXC live order book, 41 min ago	1.31 bp	18.8 bp −$19	55.8 bp −$558	211.4 bp −$21.1K	doesn't fit

Aster: 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 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	−0.0506%	1h	0.07729	+0.054%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.836%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07740	+0.196%	$600K	$167K	3x	as long as short
Aster LAYERUSDTlong	+0.0100%	4h	0.07725	long leg	$10K	$4K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07725	+0.003%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07720	−0.062%	$722K	$733K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07730	+0.067%	$139K	$39K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07723	−0.023%	$366K	$119K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07726	+0.016%	$1.1M	$138K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07727	+0.029%	—	$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	0.07720	−0.062%	$17K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07722	−0.040%	$839	$169K	5x	as long as short
BloFin LAYER-USDT	+0.0145%	4h	0.07721	−0.049%	$115K	$16K	50x	as long as short