LAYER

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+4.372%

7d average—if it closes, per $10,000$437funding while held, a day+$2.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LAYER/USDC PERP	0.07274	0.0033	pay 0.0004% / 1h	8m 29s	—	$34K	5.5x
Short	BingX LAYER-USDT	0.07592	0.0100	get 0.0050% / 4h	1h 08m	—	$1.6M	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee InjectivebpFee BingXbpOrdersClose when spread is

Spread captured: $437.17
Funding while held: $2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $429.15
Spread needed to break even: 0.100%

Slippage unknown: Injective: no order-book sample; BingX: live order book, 15 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0067%
Per $10,000 a day: +$2.00
Average in range /8h: —

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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 15 min ago	5.28 bp	20.9 bp −$21	81.5 bp −$815	537.0 bp −$53.7K	796.7 bp −$398.4K

Injective: 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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.07274cheapest

BloFin0.07577+4.166%ApeX Omni0.07580+4.207%Bitget0.07581+4.221%Gate0.07582+4.234%Aster0.07582+4.238%OKX0.07585+4.276%Extended0.07587+4.309%Binance0.07588+4.317%MEXC0.07589+4.330%Kraken Futures0.07591+4.355%

BingX0.07592+4.372%

Hyperliquid0.07598+4.456%

LAYER on 13 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LAYER/USDC PERPlong	0.000%	+0.0033%	1h	—	$34K	5.5x
BloFin LAYER-USDT	+4.166%	+0.0052%	4h	$116K	$12K	50x	as long as short
ApeX Omni LAYERUSDT	+4.207%	+0.0100%	1h	$25K	$192K	50x	as long as short
Bitget LAYERUSDT	+4.221%	+0.0100%	4h	$1.1M	$159K	50x	as long as short
Gate LAYER_USDT	+4.234%	+0.0100%	4h	$136K	$54K	20x	as long as short
Aster LAYERUSDT	+4.238%	+0.0100%	4h	$9K	$2K	5x	as long as short
OKX LAYER-USDT-SWAP	+4.276%	+0.0100%	4h	$698K	$669K	20x	as long as short
Extended LAYER-USD	+4.309%	+0.0104%	1h	$2K	$174K	5x	as long as short
Binance LAYERUSDT	+4.317%	+0.0100%	4h	$2.0M	$2.3M	50x	as long as short
MEXC LAYER_USDT	+4.330%	+0.0100%	4h	$349K	$115K	20x	as long as short

Show all 13 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LAYERUSD	+4.355%	−0.0622%	1h	$8K	$964	10x	as long as short
BingX LAYER-USDTshort	+4.372%	+0.0100%	4h	—	$1.6M	—
Hyperliquid LAYER	+4.456%	+0.0100%	1h	$586K	$169K	3x	as long as short