LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against BloFin−0.026%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.026%, 7d avg +0.015%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.041% cheaper against BloFin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.015%). If the spread goes back, that is −$4 on $10k: about 4.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.022% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LAYER-USDT	0.07660	0.0066	pay 0.0033% / 4h	3h 58m	$113K	$15K	50x
Short	Binance LAYERUSDT	0.07658	0.0100	get 0.0050% / 4h	3h 58m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $7.16
Price spread: −0.026% → +0.015%: −$4.08
Slippage, 4 orders: −$70.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.7
Costs to cover: 0.928%
Break-even: 94.6 days

Slippage from BloFin: live order book, 68 min ago; Binance: live order book, 6 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 BloFin live order book, 68 min ago	6.52 bp	24.1 bp −$24	69.0 bp −$690	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.31 bp	20.9 bp −$21	83.0 bp −$830	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	−0.0954%	1h	0.07645	−0.201%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.039%	—	$18K	5.5x	as long as short
BloFin LAYER-USDTlong	+0.0066%	4h	0.07660	long leg	$113K	$15K	50x
Hyperliquid LAYER	+0.0100%	1h	0.07666	+0.082%	$590K	$156K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07656	−0.052%	$9K	$4K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07658	−0.026%	$2.1M	$2.1M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07657	−0.039%	$712K	$570K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07660	0.000%	$141K	$37K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07658	−0.026%	$402K	$128K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07660	0.000%	$1.1M	$106K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07663	+0.039%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07650	−0.131%	$16K	$192K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07656	−0.053%	$2K	$216K	5x	as long as short