Funding you earn now, next payment 09:00 UTC+0.0459%/8h= +50.3% APRpaid last 24h +0.130%
Price spread now: Kraken Futures against BingX+0.099%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.099%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.039% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.105%, 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 -0.105% in total (about -5.5% 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 | BingX GALA-USDT | 0.002074 | 0.0100 | pay 0.0100% / 8h | 7h 57m | — | $13.7M | — |
| Short | Kraken Futures PF_GALAUSD | 0.002076 | 0.0559 | get 0.0070% / 1h | 57m 09s | $670K | $240K | 25x |
BingX GALA-USDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $96.46
- Price spread: +0.099% → +0.060%
- $3.9
- Slippage, 4 orders
- −$94.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$14.59
- Costs to cover
- 1.149%
- Break-even
- 8.1 days
Slippage from BingX: live order book, 11 min ago; Kraken Futures: live order book, 41 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 BingX live order book, 11 min ago | 7.25 bp | 18.4 bp −$18 | 42.7 bp −$427 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 min ago | 12.10 bp | 44.3 bp −$44 | 75.1 bp −$751 | 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 | +1.736% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002075 | +0.048% | $303K | $145K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002076 | +0.103% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002076 | +0.098% | $5.5M | $17.1M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002075 | +0.048% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002075 | +0.048% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002075 | +0.048% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002075 | +0.048% | $5.5M | $3.2M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002078 | +0.193% | $1.7M | $4.5M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002076 | +0.096% | $2.1M | $1.4M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance 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-USDTlong | +0.0100% | 8h | 0.002074 | long leg | — | $13.7M | — | |
| Variational Omni GALA | +0.0100% | 8h | 0.002069 | −0.255% | $25K | $14K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002074 | +0.024% | $2K | $191K | 5x | as long as short |
| BloFin GALA-USDT | +0.0113% | 8h | 0.002072 | −0.096% | $301K | $65K | 20x | as long as short |
| Kraken Futures PF_GALAUSDshort | +0.0559% | 1h | 0.002076 | +0.099% | $670K | $240K | 25x |
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT