LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0251%/8h= +27.5% APRnext payment +$0.31 per $10,000 · paid last 24h +0.191%

Price spread now: Extended against Kraken Futures−0.052%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LAYERUSD	0.07670	−0.0147	get 0.0018% / 1h	39m 18s	$8K	$54	10x
Short	Extended LAYER-USD	0.07666	0.0104	get 0.0013% / 1h	39m 18s	$254	$216K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.052%Rate

Funding earned: $52.69
Price spread: −0.052% → 0.000%: −$5.19
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $32.5
Costs to cover: 0.150%
Break-even: 2.7 days

Slippage unknown: Kraken Futures: no order-book sample; Extended: live order book, 62 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 Extended live order book, 62 min ago	5.16 bp	44.5 bp −$44	281.8 bp −$2,818	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	−0.0147%	1h	0.07670	long leg	$8K	$54	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.162%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07679	+0.123%	$591K	$162K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07663	−0.085%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07667	−0.040%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07660	−0.130%	$713K	$610K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07672	+0.027%	$141K	$38K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07663	−0.091%	$369K	$128K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07667	−0.038%	$1.1M	$106K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07670	+0.001%	—	$1.6M	—	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	0.07690	+0.261%	$16K	$192K	50x	as long as short
Extended LAYER-USDshort	+0.0104%	1h	0.07666	−0.052%	$254	$216K	5x
BloFin LAYER-USDT	+0.0142%	4h	0.07672	+0.027%	$113K	$15K	50x	as long as short