LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Hyperliquid against Extended+0.130%7-day average +0.171% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1221.223% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.130%, 7d avg +0.171%

Together, before fees+0.133%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$13 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: Hyperliquid is 0.042% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LAYER-USD	0.07578	0.0104	pay 0.0013% / 1h	39m 58s	$2K	$174K	5x
Short	Hyperliquid LAYER	0.07588	0.0100	get 0.0013% / 1h	39m 58s	$584K	$162K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$0.84
Price spread: +0.130% → +0.171%: −$4.16
Slippage, 4 orders: −$108.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$127.27
Costs to cover: 1.223%
Break-even: never at this rate

Slippage from Extended: live order book, 46 min ago; Hyperliquid: live order book, 44 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, 46 min ago	4.34 bp	45.4 bp −$45	316.0 bp −$3,160	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 44 min ago	0.92 bp	23.4 bp −$23	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	−0.0468%	1h	0.07580	+0.022%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.011%	—	$18K	5.5x	as long as short
Hyperliquid LAYERshort	+0.0100%	1h	0.07588	+0.130%	$584K	$162K	3x
Aster LAYERUSDT	+0.0100%	4h	0.07575	−0.033%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07579	+0.014%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07578	0.000%	$698K	$641K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07573	−0.066%	$135K	$54K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07579	+0.014%	$349K	$114K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07579	+0.014%	$1.1M	$161K	50x	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07570	−0.105%	$25K	$187K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LAYER-USDT	+0.0102%	4h	0.07571	−0.092%	$113K	$12K	50x	as long as short
Extended LAYER-USDlong	+0.0104%	1h	0.07578	long leg	$2K	$174K	5x
BingX LAYER-USDT	+0.0142%	4h	0.07583	+0.066%	—	$1.6M	—	as long as short