LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0482%/8h= −52.7% APRnext payment −$0.60 per $10,000 · paid last 24h −0.173%

Price spread now: Kraken Futures against Injective+4.888%7-day average — · you sell dearer than you buy

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

Long on Injective 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—needs both histories

The price spread pays, funding is against you. Kraken Futures is 4.888% dearer against Injective than usual: you sell high and buy low (spread +4.888% now, against zero (this spread has no 7-day history yet)): +$489 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 34 days.

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	28m 54s	—	$18K	5.5x
Short	Kraken Futures PF_LAYERUSD	0.07630	−0.0448	pay 0.0056% / 1h	28m 54s	$8K	$964	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +4.888%Rate

Funding earned: −$101.15
Price spread: +4.888% → 0.000%: $488.75
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $377.58
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Injective and 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	−0.0448%	1h	0.07630	+4.888%	$8K	$964	10x
Injective LAYER/USDC PERPlong	+0.0033%	1h	0.07274	long leg	—	$18K	5.5x
BloFin LAYER-USDT	+0.0066%	4h	0.07627	+4.853%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07629	+4.885%	$589K	$165K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07625	+4.820%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07628	+4.867%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07622	+4.784%	$702K	$660K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07625	+4.825%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07627	+4.853%	$352K	$114K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07623	+4.798%	$1.1M	$167K	50x	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	0.07620	+4.757%	$26K	$185K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07627	+4.846%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0226%	4h	0.07634	+4.949%	—	$1.6M	—	as long as short