Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.24 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Bitget−0.332%95s7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as 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−$730.733% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.479%+$48 · spread now −0.332%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.410% cheaper against Bitget than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.078%). Swap the legs. The two prices were read 95 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 | Bitget GALAUSDT | 0.002106 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $2.2M | $1.2M | 75x |
| Short | BloFin GALA-USDT | 0.002099 | 0.0076 | get 0.0076% / 8h | 7h 15m | $309K | $64K | 20x |
Bitget GALAUSDT
BloFin GALA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$5.1
- Price spread: −0.332% → +0.078%
- −$41.03
- Slippage, 4 orders
- −$49.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$119.41
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 51 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 Bitget live order book, 1 min ago | 2.38 bp | 20.9 bp −$21 | 99.6 bp −$996 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 4.82 bp | 10.8 bp −$11 | 24.0 bp −$240 | 107.4 bp −$10.7K | 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 | +0.190% | $2K | $7K | 5.5x | as long as short |
| KuCoin GALAUSDTM | +0.0037% | 8h | 0.002104 | −0.095% | $1.8M | $6.0M | 75x | as long as short |
| BloFin GALA-USDTshort | +0.0076% | 8h | 0.002099 | −0.332% | $309K | $64K | 20x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002107 | +0.047% | $313K | $162K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002107 | +0.067% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002107 | +0.038% | $5.6M | $17.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002107 | +0.047% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002106 | 0.000% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002108 | +0.095% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002106 | 0.000% | $6.1M | $3.5M | 125x | as long as short |
Injective GALA/USDC PERP
KuCoin GALAUSDTM
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDTlong | +0.0100% | 8h | 0.002106 | long leg | $2.2M | $1.2M | 75x | |
| BingX GALA-USDT | +0.0100% | 8h | 0.002107 | +0.047% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002108 | +0.079% | $26K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002106 | +0.005% | $2K | $140K | 5x | as long as short |
| Kraken Futures PF_GALAUSD | +0.0362% | 1h | 0.002108 | +0.118% | $670K | $164K | 25x | as long as short |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
Kraken Futures PF_GALAUSD