LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against MEXC+0.131%64s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.723% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.131%, 7d avg −0.011%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.141% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 64 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	MEXC LAYER_USDT	0.07662	0.0100	pay 0.0050% / 4h	38m 05s	$369K	$128K	20x
Short	BloFin LAYER-USDT	0.07672	0.0142	get 0.0071% / 4h	38m 05s	$113K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.131%Rate

Funding earned: $8.8
Price spread: +0.131% → −0.011%: $14.13
Slippage, 4 orders: −$60.31
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$49.37
Costs to cover: 0.723%
Break-even: 46.3 days

Slippage from MEXC: live order book, 47 min ago; BloFin: live order book, 28 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, 47 min ago	2.61 bp	13.2 bp −$13	50.9 bp −$509	142.2 bp −$14.2K	doesn't fit
Sell BloFin live order book, 28 min ago	6.52 bp	19.6 bp −$20	69.2 bp −$692	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	−0.0147%	1h	0.07665	+0.040%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.064%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07672	+0.124%	$590K	$162K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07662	+0.004%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07660	−0.021%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07654	−0.104%	$712K	$609K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07671	+0.117%	$141K	$38K	20x	as long as short
MEXC LAYER_USDTlong	+0.0100%	4h	0.07662	long leg	$369K	$128K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07663	+0.013%	$1.1M	$106K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07663	+0.013%	—	$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	+0.365%	$16K	$192K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07658	−0.056%	$254	$216K	5x	as long as short
BloFin LAYER-USDTshort	+0.0142%	4h	0.07672	+0.131%	$113K	$15K	50x