LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0251%/8h= −27.5% APRnext payment −$0.31 per $10,000 · paid last 24h −0.191%

Price spread now: Kraken Futures against Extended+0.095%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.095% dearer against Extended than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LAYER-USD	0.07666	0.0104	pay 0.0013% / 1h	39m 34s	$254	$216K	5x
Short	Kraken Futures PF_LAYERUSD	0.07673	−0.0147	pay 0.0018% / 1h	39m 34s	$8K	$54	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$52.68
Price spread: +0.095% → 0.000%: $9.5
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$58.18
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 62 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 62 min ago	5.16 bp	34.5 bp −$35	286.4 bp −$2,864	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_LAYERUSDshort	−0.0147%	1h	0.07673	+0.095%	$8K	$54	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.113%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0068%	4h	0.07693	+0.353%	$113K	$15K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07685	+0.248%	$591K	$162K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07663	−0.038%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07661	−0.065%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07665	−0.013%	$715K	$611K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07681	+0.196%	$142K	$38K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07668	+0.027%	$369K	$128K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07672	+0.079%	$1.1M	$106K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07664	−0.026%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07690	+0.313%	$16K	$192K	50x	as long as short
Extended LAYER-USDlong	+0.0104%	1h	0.07666	long leg	$254	$216K	5x