LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0248%/8h= +27.1% APRnext payment +$0.31 per $10,000 · paid last 24h +0.190%

Price spread now: ApeX Omni against Kraken Futures+0.379%75s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on ApeX Omni

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.379% dearer against Kraken Futures than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	Kraken Futures PF_LAYERUSD	0.07621	−0.0148	get 0.0018% / 1h	20m 01s	$8K	$54	10x
Short	ApeX Omni LAYERUSDT	0.07650	0.0100	get 0.0013% / 1h	20m 01s	$16K	$192K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.379%Rate

Funding earned: $52.05
Price spread: +0.379% → 0.000%: $37.86
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $69.92
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; ApeX Omni: live order book, 16 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 16 min ago	19.59 bp	43.7 bp −$44	doesn't fit	doesn't fit	doesn't fit

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_LAYERUSDlong	−0.0148%	1h	0.07621	long leg	$8K	$54	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.555%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0095%	4h	0.07639	+0.234%	$113K	$15K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07654	+0.426%	$589K	$161K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07642	+0.280%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07640	+0.247%	$2.1M	$2.2M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07636	+0.195%	$710K	$604K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07645	+0.313%	$141K	$38K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07641	+0.261%	$392K	$133K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07642	+0.274%	$1.1M	$105K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07644	+0.300%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDTshort	+0.0100%	1h	0.07650	+0.379%	$16K	$192K	50x
Extended LAYER-USD	+0.0104%	1h	0.07638	+0.220%	$252	$216K	5x	as long as short