Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate−0.065%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$344as in the Funding arb table
Net, price: spread back to 7d avg − costs−$348as in the Price arb table
costs, in and out, $10k−$3473.470% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.065%, 7d avg −0.057%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate LAYER_USDT | 0.07679 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $136K | $48K | 20x |
| Short | OKX LAYER-USDT-SWAP | 0.07674 | 0.0100 | get 0.0050% / 4h | 2h 26m | $725K | $725K | 20x |
Gate LAYER_USDT
OKX LAYER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- Price spread: −0.065% → −0.057%
- −$0.81
- Slippage, 4 orders
- −$322.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$347.84
- Costs to cover
- 3.470%
- Break-even
- never at this rate
Slippage from Gate: live order book, 34 min ago; OKX: live order book, 39 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, 34 min ago | 13.71 bp | 165.3 bp −$165 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 39 min ago | 1.95 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
LAYER on 12 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 | −0.0744% | 1h | 0.07683 | +0.055% | $8K | $54 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −5.274% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07694 | +0.202% | $598K | $167K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07674 | −0.067% | $9K | $4K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07679 | 0.000% | $2.1M | $2.6M | 50x | as long as short |
| OKX LAYER-USDT-SWAPshort | +0.0100% | 4h | 0.07674 | −0.065% | $725K | $725K | 20x | |
| Gate LAYER_USDTlong | +0.0100% | 4h | 0.07679 | long leg | $136K | $48K | 20x | |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07676 | −0.039% | $340K | $120K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07681 | +0.026% | $1.1M | $169K | 50x | as long as short |
| BingX LAYER-USDT | +0.0100% | 4h | 0.07683 | +0.052% | — | $1.6M | — | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Hyperliquid LAYER
Aster LAYERUSDT
Binance LAYERUSDT
MEXC LAYER_USDT
Bitget LAYERUSDT
BingX LAYER-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07670 | −0.117% | $26K | $185K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07679 | 0.000% | $2K | $171K | 5x | as long as short |
ApeX Omni LAYERUSDT
Extended LAYER-USD