LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against Gate−0.116%78s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$277as 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−$2762.755% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.116%, 7d avg −0.033%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.083% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.033%). If the spread goes back, that is −$8 on $10k: about 6.2 days of funding at the current rate (+$1 a day). The two prices were read 78 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	Gate LAYER_USDT	0.07730	0.0100	pay 0.0050% / 4h	3h 59m	$139K	$47K	20x
Short	BloFin LAYER-USDT	0.07721	0.0145	get 0.0072% / 4h	3h 59m	$115K	$16K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $9.41
Price spread: −0.116% → −0.033%: −$8.3
Slippage, 4 orders: −$248.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$274.4
Costs to cover: 2.755%
Break-even: 211.1 days

Slippage from Gate: live order book, 51 min ago; BloFin: 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 Gate live order book, 51 min ago	11.12 bp	100.2 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	2.61 bp	23.3 bp −$23	79.4 bp −$794	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	−0.0506%	1h	0.07729	−0.013%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.899%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07740	+0.128%	$600K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07724	−0.072%	$10K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07725	−0.060%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07718	−0.155%	$722K	$734K	20x	as long as short
Gate LAYER_USDTlong	+0.0100%	4h	0.07730	long leg	$139K	$47K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07724	−0.078%	$366K	$122K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07726	−0.052%	$1.1M	$138K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07725	−0.065%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07720	−0.129%	$17K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07723	−0.093%	$839	$169K	5x	as long as short
BloFin LAYER-USDTshort	+0.0145%	4h	0.07721	−0.116%	$115K	$16K	50x