LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against BloFin+0.324%53s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as 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−$1111.112% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.324%, 7d avg −0.029%

Together, before fees−0.423%−$42 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: OKX is 0.353% dearer against BloFin than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 53 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	0.07725	0.0104	pay 0.0052% / 4h	3h 02m	$113K	$9K	50x
Short	OKX LAYER-USDT-SWAP	0.07750	0.0100	get 0.0050% / 4h	3h 02m	$741K	$601K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.324%Rate

Funding earned: −$0.93
Price spread: +0.324% → −0.029%: $35.3
Slippage, 4 orders: −$89.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$76.83
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from BloFin: live order book, 53 min ago; OKX: live order book, 29 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, 53 min ago	2.61 bp	22.7 bp −$23	78.2 bp −$782	doesn't fit	doesn't fit
Sell OKX live order book, 29 min ago	4.59 bp	21.3 bp −$21	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	−0.0942%	1h	0.07744	+0.243%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.838%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07753	+0.360%	$596K	$151K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07735	+0.124%	$10K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07744	+0.244%	$2.1M	$2.1M	50x	as long as short
OKX LAYER-USDT-SWAPshort	+0.0100%	4h	0.07750	+0.324%	$741K	$601K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07741	+0.207%	$405K	$131K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07746	+0.272%	$1.1M	$96K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07756	+0.401%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07730	+0.065%	$14K	$193K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended LAYER-USD	+0.0104%	1h	0.07737	+0.152%	$3K	$215K	5x	as long as short
BloFin LAYER-USDTlong	+0.0104%	4h	0.07725	long leg	$113K	$9K	50x
Gate LAYER_USDT	+0.0450%	4h	0.07753	+0.362%	$143K	$37K	20x	as long as short