LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.006%

Price spread now: BloFin against Bitget−0.117%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1021.016% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.117%, 7d avg −0.048%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.070% cheaper against Bitget than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.048%). If the spread goes back, that is −$7 on $10k: about 6.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LAYERUSDT	0.07667	0.0100	pay 0.0050% / 4h	55m 07s	$1.1M	$166K	50x
Short	BloFin LAYER-USDT	0.07658	0.0138	get 0.0069% / 4h	55m 07s	$113K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.117%Rate

Funding earned: $8
Price spread: −0.117% → −0.048%: −$6.97
Slippage, 4 orders: −$77.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.6
Costs to cover: 1.016%
Break-even: 95.1 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 5 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 Bitget live order book, 1 min ago	9.14 bp	31.2 bp −$31	214.3 bp −$2,143	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	3.92 bp	24.6 bp −$25	73.0 bp −$730	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	−0.0546%	1h	0.07664	−0.033%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.126%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07667	+0.001%	$591K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07661	−0.080%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07661	−0.078%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07651	−0.209%	$705K	$665K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07658	−0.117%	$137K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07665	−0.026%	$353K	$112K	20x	as long as short
Bitget LAYERUSDTlong	+0.0100%	4h	0.07667	long leg	$1.1M	$166K	50x
BingX LAYER-USDT	+0.0100%	4h	0.07666	−0.013%	—	$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	0.07640	−0.352%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07661	−0.076%	$2K	$174K	5x	as long as short
BloFin LAYER-USDTshort	+0.0138%	4h	0.07658	−0.117%	$113K	$12K	50x