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: Gate against Binance+0.112%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2252.250% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.112%, 7d avg +0.016%

Together, before fees−0.321%−$32 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: Gate is 0.096% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LAYERUSDT	0.07563	0.0100	pay 0.0050% / 4h	2h 52m	$2.0M	$2.3M	50x
Short	Gate LAYER_USDT	0.07571	0.0100	get 0.0050% / 4h	2h 52m	$135K	$53K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.016%: $9.63
Slippage, 4 orders: −$200.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$215.39
Costs to cover: 2.250%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Gate: live order book, 30 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 Binance live order book, 12 min ago	0.66 bp	21.7 bp −$22	136.9 bp −$1,369	doesn't fit	doesn't fit
Sell Gate live order book, 30 min ago	8.56 bp	77.6 bp −$78	doesn't fit	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	0.07574	+0.156%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−3.815%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07576	+0.185%	$583K	$162K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07569	+0.086%	$9K	$2K	5x	as long as short
Binance LAYERUSDTlong	+0.0100%	4h	0.07563	long leg	$2.0M	$2.3M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07559	−0.047%	$696K	$643K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07571	+0.112%	$135K	$53K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07565	+0.033%	$350K	$113K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07566	+0.046%	$1.1M	$161K	50x	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07580	+0.231%	$25K	$187K	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	0.07564	+0.023%	$2K	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0157%	4h	0.07577	+0.191%	$113K	$12K	50x	as long as short
BingX LAYER-USDT	+0.0408%	4h	0.07568	+0.072%	—	$1.6M	—	as long as short