LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.106%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2262.257% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.106%, 7d avg −0.014%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.091% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LAYER-USDT	0.07582	0.0142	pay 0.0071% / 4h	2h 39m	—	$1.6M	—
Short	Gate LAYER_USDT	0.07574	0.0100	get 0.0050% / 4h	2h 39m	$135K	$54K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.106%Rate

Funding earned: −$8.82
Price spread: −0.106% → −0.014%: −$9.12
Slippage, 4 orders: −$200.73
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$243.67
Costs to cover: 2.257%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 43 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	3.30 bp	18.6 bp −$19	93.5 bp −$935	614.2 bp −$61.4K	802.2 bp −$401.1K
Sell Gate live order book, 43 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	0.07580	−0.031%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.062%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07585	+0.042%	$583K	$161K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07576	−0.082%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07579	−0.044%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07578	−0.053%	$698K	$641K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07574	−0.106%	$135K	$54K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07580	−0.026%	$349K	$114K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07580	−0.026%	$1.1M	$161K	50x	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07570	−0.158%	$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
BloFin LAYER-USDT	+0.0102%	4h	0.07571	−0.145%	$113K	$12K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07578	−0.053%	$2K	$174K	5x	as long as short
BingX LAYER-USDTlong	+0.0142%	4h	0.07582	long leg	—	$1.6M	—