Funding arb · Price arb /

GALA

all GALA markets

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: BingX against Binance+0.103%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.103%, 7d avg −0.018%

Together, before fees−0.059%−$6 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: BingX is 0.120% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GALAUSDT	0.002077	0.0100	pay 0.0100% / 8h	7m 00s	$5.4M	$17.8M	75x
Short	BingX GALA-USDT	0.002079	0.0100	get 0.0100% / 8h	7m 00s	—	$11.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.018%: $12.04
Slippage, 4 orders: −$49.95
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.91
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; BingX: live order book, 6 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 Binance live order book, 4 min ago	2.40 bp	16.8 bp −$17	41.2 bp −$412	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	7.20 bp	18.3 bp −$18	45.2 bp −$452	223.8 bp −$22.4K	doesn't fit

GALA on 15 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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.595%	$2K	$7K	5.5x	as long as short
KuCoin GALAUSDTM	+0.0066%	8h	0.002076	−0.042%	$1.8M	$6.1M	75x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002079	+0.103%	$308K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002080	+0.127%	$17K	$10K	5x	as long as short
Binance GALAUSDTlong	+0.0100%	8h	0.002077	long leg	$5.4M	$17.8M	75x
Bybit GALAUSDT	+0.0100%	8h	0.002077	+0.006%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002076	−0.042%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002079	+0.103%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002077	+0.006%	$6.0M	$3.5M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002079	+0.103%	$2.1M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDTshort	+0.0100%	8h	0.002079	+0.103%	—	$11.2M	—
Variational Omni GALA	+0.0100%	8h	0.002072	−0.225%	$25K	$21K	—	as long as short
BloFin GALA-USDT	+0.0101%	8h	0.002079	+0.103%	$305K	$70K	20x	as long as short
Extended GALA-USD	+0.0104%	1h	0.002077	+0.008%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0587%	1h	0.002080	+0.140%	$661K	$164K	25x	as long as short