Funding arb · Price arb /

LAYER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.003%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.069%+$7 · spread now +0.003%, 7d avg +0.053%

Together, before fees+0.090%+$9 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: Bitget is 0.050% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LAYERUSDT	0.07576	0.0100	pay 0.0050% / 4h	2h 55m	$2.0M	$2.3M	50x
Short	Bitget LAYERUSDT	0.07576	0.0100	get 0.0050% / 4h	2h 55m	$1.1M	$161K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.053%: −$5.02
Slippage, 4 orders: −$73.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.67
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bitget: live order book, just now.

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 Binance live order book, 9 min ago	0.66 bp	21.7 bp −$22	136.9 bp −$1,369	doesn't fit	doesn't fit
Sell Bitget live order book, just now	2.64 bp	24.3 bp −$24	87.2 bp −$872	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	−0.0468%	1h	0.07577	+0.013%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−3.983%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0067%	4h	0.07577	+0.016%	$86K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07585	+0.125%	$583K	$164K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07576	0.000%	$9K	$2K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07576	long leg	$2.0M	$2.3M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07573	−0.036%	$697K	$645K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07581	+0.069%	$135K	$53K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07575	−0.010%	$350K	$113K	20x	as long as short
Bitget LAYERUSDTshort	+0.0100%	4h	0.07576	+0.003%	$1.1M	$161K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07580	+0.056%	$25K	$189K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07574	−0.021%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0408%	4h	0.07581	+0.069%	—	$1.6M	—	as long as short