Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.019%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.019%, 7d avg +0.032%
=Together, before fees+0.053%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended LAYER-USD | 0.07657 | 0.0104 | pay 0.0013% / 1h | 55m 59s | $2K | $174K | 5x |
| Short | Binance LAYERUSDT | 0.07658 | 0.0100 | get 0.0050% / 4h | 55m 59s | $2.1M | $2.4M | 50x |
Extended LAYER-USD
Binance LAYERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.019% → +0.032%
- −$1.29
- Slippage, 4 orders
- −$108.26
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$125.39
- Costs to cover
- 1.233%
- Break-even
- never at this rate
Slippage from Extended: live order book, 20 min ago; Binance: live order book, 9 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 Extended live order book, 20 min ago | 4.85 bp | 36.7 bp −$37 | 284.4 bp −$2,844 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.31 bp | 27.4 bp −$27 | 92.1 bp −$921 | 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 | +0.092% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.996% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07667 | +0.142% | $591K | $166K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07660 | +0.049% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDTshort | +0.0100% | 4h | 0.07658 | +0.019% | $2.1M | $2.4M | 50x | |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07656 | −0.007% | $705K | $665K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07650 | −0.085% | $137K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07660 | +0.046% | $353K | $112K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07664 | +0.098% | $1.1M | $166K | 50x | as long as short |
| BingX LAYER-USDT | +0.0100% | 4h | 0.07663 | +0.085% | — | $1.6M | — | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDT
BingX LAYER-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07650 | −0.085% | $26K | $184K | 50x | as long as short |
| Extended LAYER-USDlong | +0.0104% | 1h | 0.07657 | long leg | $2K | $174K | 5x | |
| BloFin LAYER-USDT | +0.0132% | 4h | 0.07652 | −0.059% | $113K | $12K | 50x | as long as short |
ApeX Omni LAYERUSDT
BloFin LAYER-USDT