Funding you earn now, next payment 00:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.085%
Price spread now: Kraken Futures against Binance+0.021%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$970.970% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.021%, 7d avg +0.067%
=Funding pays, the price is against you. Kraken Futures is 0.046% cheaper against Binance than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.067%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GALAUSDT | 0.002104 | 0.0100 | pay 0.0100% / 8h | 49m 02s | $5.5M | $17.7M | 75x |
| Short | Kraken Futures PF_GALAUSD | 0.002104 | 0.0580 | get 0.0073% / 1h | 49m 02s | $667K | $157K | 25x |
Binance GALAUSDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $100.86
- Price spread: +0.021% → +0.067%
- −$4.61
- Slippage, 4 orders
- −$77.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.8
- Costs to cover
- 0.970%
- Break-even
- 7.1 days
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 29 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, 7 min ago | 2.38 bp | 14.8 bp −$15 | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 29 min ago | 9.62 bp | 28.7 bp −$29 | 67.7 bp −$677 | doesn't fit | 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 | +0.285% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002103 | −0.048% | $312K | $171K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002104 | −0.021% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDTlong | +0.0100% | 8h | 0.002104 | long leg | $5.5M | $17.7M | 75x | |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002103 | −0.048% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002104 | 0.000% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002103 | −0.048% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002104 | 0.000% | $5.8M | $3.4M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002100 | −0.190% | $1.8M | $6.3M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002104 | 0.000% | $2.2M | $1.2M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTM
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002104 | 0.000% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002104 | +0.011% | $26K | $19K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002103 | −0.036% | $3K | $156K | 5x | as long as short |
| BloFin GALA-USDT | +0.0116% | 8h | 0.002105 | +0.048% | $307K | $71K | 20x | as long as short |
| Kraken Futures PF_GALAUSDshort | +0.0580% | 1h | 0.002104 | +0.021% | $667K | $157K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT