Funding arb · Price arb /

LAYER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.092%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.092%, 7d avg +0.006%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.086% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LAYER_USDT	0.07581	0.0100	pay 0.0050% / 4h	2h 27m	$349K	$115K	20x
Short	Binance LAYERUSDT	0.07588	0.0100	get 0.0050% / 4h	2h 27m	$2.0M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.006%: $8.6
Slippage, 4 orders: −$55.75
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.15
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from MEXC: live order book, 55 min ago; Binance: live order book, 8 min ago.

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 MEXC live order book, 55 min ago	1.32 bp	9.0 bp −$9	44.1 bp −$441	179.4 bp −$17.9K	doesn't fit
Sell Binance live order book, 8 min ago	1.98 bp	22.7 bp −$23	85.8 bp −$858	doesn't fit	doesn't fit

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_LAYERUSD	−0.0467%	1h	0.07588	+0.098%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.050%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0080%	4h	0.07585	+0.053%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07595	+0.183%	$584K	$161K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07579	−0.023%	$9K	$2K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07588	+0.092%	$2.0M	$2.3M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07584	+0.040%	$698K	$640K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07579	−0.026%	$135K	$54K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07581	long leg	$349K	$115K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07579	−0.026%	$1.1M	$161K	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	0.07580	−0.013%	$25K	$185K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07587	+0.080%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0268%	4h	0.07589	+0.106%	—	$1.6M	—	as long as short