Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against BingX−0.079%51s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as 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−$880.876% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.079%, 7d avg −0.046%
=Funding pays, the price is against you. BloFin is 0.033% cheaper against BingX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.046%). If the spread goes back, that is −$3 on $10k: about 3.1 days of funding at the current rate (+$1 a day). The two prices were read 51 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 | BingX LAYER-USDT | 0.07578 | 0.0124 | pay 0.0062% / 4h | 2h 30m | — | $1.6M | — |
| Short | BloFin LAYER-USDT | 0.07572 | 0.0160 | get 0.0080% / 4h | 2h 30m | $113K | $12K | 50x |
BingX LAYER-USDT
BloFin LAYER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7.5
- Price spread: −0.079% → −0.046%
- −$3.27
- Slippage, 4 orders
- −$65.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$83.37
- Costs to cover
- 0.876%
- Break-even
- 84.8 days
Slippage from BingX: live order book, 7 min ago; BloFin: live order book, 49 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 BingX live order book, 7 min ago | 5.28 bp | 20.0 bp −$20 | 114.8 bp −$1,148 | 613.2 bp −$61.3K | 809.2 bp −$404.6K |
| Sell BloFin live order book, 49 min ago | 1.32 bp | 17.2 bp −$17 | 50.8 bp −$508 | 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 | 0.07575 | −0.036% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.012% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07580 | +0.024% | $583K | $161K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07570 | −0.111% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07571 | −0.089% | $2.0M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07568 | −0.132% | $697K | $639K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07572 | −0.079% | $135K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07569 | −0.119% | $348K | $115K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07563 | −0.198% | $1.1M | $162K | 50x | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07570 | −0.106% | $25K | $185K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDT
ApeX Omni LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended LAYER-USD | +0.0104% | 1h | 0.07571 | −0.087% | $2K | $174K | 5x | as long as short |
| BingX LAYER-USDTlong | +0.0124% | 4h | 0.07578 | long leg | — | $1.6M | — | |
| BloFin LAYER-USDTshort | +0.0160% | 4h | 0.07572 | −0.079% | $113K | $12K | 50x |
Extended LAYER-USD