LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against BloFin−0.314%64s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as 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−$770.773% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.307%+$31 · spread now −0.314%, 7d avg +0.011%

Together, before fees+0.331%+$33 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 MEXC is 0.325% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 64 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	0.07652	0.0129	pay 0.0064% / 4h	42m 02s	$116K	$16K	50x
Short	MEXC LAYER_USDT	0.07628	0.0100	get 0.0050% / 4h	42m 02s	$353K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$5.99
Price spread: −0.314% → +0.011%: −$32.48
Slippage, 4 orders: −$65.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$115.79
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from BloFin: live order book, 54 min ago; MEXC: 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, 54 min ago	0.65 bp	19.8 bp −$20	87.1 bp −$871	doesn't fit	doesn't fit
Sell MEXC live order book, 63 min ago	0.65 bp	16.7 bp −$17	56.4 bp −$564	190.6 bp −$19.1K	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	−0.0512%	1h	0.07629	−0.300%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.940%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07643	−0.124%	$593K	$168K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07639	−0.170%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07627	−0.327%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07623	−0.379%	$714K	$738K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07642	−0.131%	$138K	$46K	20x	as long as short
MEXC LAYER_USDTshort	+0.0100%	4h	0.07628	−0.314%	$353K	$118K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07640	−0.157%	$1.1M	$168K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07630	−0.288%	—	$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	0.07630	−0.288%	$16K	$191K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07625	−0.353%	$5K	$170K	5x	as long as short
BloFin LAYER-USDTlong	+0.0129%	4h	0.07652	long leg	$116K	$16K	50x