LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.002%

Price spread now: Gate against BloFin+0.104%108s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as 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−$2322.317% of the position

Long on BloFin 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)−0.011%−$1 · spread now +0.104%, 7d avg +0.036%

Together, before fees0.000%$0 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 0.068% dearer against BloFin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 108 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	BloFin LAYER-USDT	0.07659	0.0107	pay 0.0054% / 4h	1h 37m	$114K	$15K	50x
Short	Gate LAYER_USDT	0.07667	0.0100	get 0.0050% / 4h	1h 37m	$141K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: −$1.5
Price spread: +0.104% → +0.036%: $6.82
Slippage, 4 orders: −$204.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$226.43
Costs to cover: 2.317%
Break-even: never at this rate

Slippage from BloFin: live order book, 34 min ago; Gate: live order book, 63 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, 34 min ago	1.30 bp	20.0 bp −$20	76.9 bp −$769	doesn't fit	doesn't fit
Sell Gate live order book, 63 min ago	13.14 bp	90.4 bp −$90	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	−0.0276%	1h	0.07658	−0.015%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.027%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07666	+0.089%	$590K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07655	−0.052%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07658	−0.016%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07651	−0.104%	$716K	$661K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07667	+0.104%	$141K	$40K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07658	−0.013%	$372K	$130K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07658	−0.013%	$1.1M	$112K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07659	0.000%	—	$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	0.07670	+0.144%	$16K	$194K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07656	−0.042%	$1K	$218K	5x	as long as short
BloFin LAYER-USDTlong	+0.0107%	4h	0.07659	long leg	$114K	$15K	50x