Funding you earn now, next payment 00:00 UTC+0.0646%/8h= +70.7% APRpaid last 24h +0.195%
Price spread now: Binance against Kraken Futures−0.004%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$19 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LAYERUSD | 0.07669 | −0.0546 | get 0.0068% / 1h | 48m 00s | $8K | $964 | 10x |
| Short | Binance LAYERUSDT | 0.07669 | 0.0100 | get 0.0050% / 4h | 48m 00s | $2.1M | $2.4M | 50x |
Kraken Futures PF_LAYERUSD
Binance LAYERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $135.57
- Price spread: −0.004% → 0.000%
- −$0.44
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $115.13
- Costs to cover
- 0.200%
- Break-even
- 1.1 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 2 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 Binance live order book, 2 min ago | 1.30 bp | 27.3 bp −$27 | 93.8 bp −$938 | 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 | −0.0546% | 1h | 0.07669 | long leg | $8K | $964 | 10x | |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −5.153% | — | $18K | 5.5x | as long as short |
| BloFin LAYER-USDT | +0.0088% | 4h | 0.07663 | −0.080% | $113K | $12K | 50x | as long as short |
| Hyperliquid LAYER | +0.0100% | 1h | 0.07676 | +0.089% | $591K | $166K | 3x | as long as short |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07671 | +0.023% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDTshort | +0.0100% | 4h | 0.07669 | −0.004% | $2.1M | $2.4M | 50x | |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07673 | +0.050% | $706K | $668K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07665 | −0.054% | $137K | $55K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07666 | −0.041% | $340K | $114K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07677 | +0.102% | $1.1M | $167K | 50x | as long as short |
Injective LAYER/USDC PERP
BloFin LAYER-USDT
Hyperliquid LAYER
Aster LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LAYER-USDT | +0.0100% | 4h | 0.07671 | +0.024% | — | $1.6M | — | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07670 | +0.011% | $26K | $184K | 50x | as long as short |
| Extended LAYER-USD | +0.0104% | 1h | 0.07667 | −0.024% | $2K | $174K | 5x | as long as short |
BingX LAYER-USDT
ApeX Omni LAYERUSDT
Extended LAYER-USD