Settings8H · net · $10k
Funding arb · Price arb /

LAYER

all LAYER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Gate−0.117%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$394as in the Price arb table
costs, in and out, $10k−$3803.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.117%, 7d avg +0.023%
Together, before fees+0.315%+$32 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: ApeX Omni is 0.140% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate LAYER_USDT0.076790.0100pay 0.0050% / 4h2h 27m$136K$48K20x
ShortApeX Omni LAYERUSDT0.076700.0100get 0.0013% / 1h27m 07s$26K$185K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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

Funding earned
$0
Price spread: −0.117% → +0.023%
−$13.98
Slippage, 4 orders
−$355.18
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$394.16
Costs to cover
3.802%
Break-even
never at this rate
Slippage from Gate: live order book, 33 min ago; ApeX Omni: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 33 min ago13.71 bp165.3 bp −$165doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 39 min ago19.44 bp52.1 bp −$52doesn't fitdoesn't fitdoesn't fit

LAYER on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_LAYERUSD−0.0744%1h0.07683+0.055%$8K$5410xas long as short
Injective LAYER/USDC PERP+0.0033%1h0.07274−5.274%$18K5.5xas long as short
Hyperliquid LAYER+0.0100%1h0.07694+0.202%$598K$167K3xas long as short
Aster LAYERUSDT+0.0100%4h0.07674−0.069%$9K$4K5xas long as short
Binance LAYERUSDT+0.0100%4h0.07681+0.026%$2.1M$2.6M50xas long as short
OKX LAYER-USDT-SWAP+0.0100%4h0.07672−0.091%$725K$724K20xas long as short
Gate LAYER_USDTlong+0.0100%4h0.07679long leg$136K$48K20x
MEXC LAYER_USDT+0.0100%4h0.07680+0.013%$340K$120K20xas long as short
Bitget LAYERUSDT+0.0100%4h0.07681+0.026%$1.1M$169K50xas long as short
BingX LAYER-USDT+0.0100%4h0.07685+0.078%$1.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni LAYERUSDTshort+0.0100%1h0.07670−0.117%$26K$185K50x
Extended LAYER-USD+0.0104%1h0.07677−0.027%$2K$171K5xas long as short