Funding you earn now, next payment 22:00 UTC+0.0591%/8h= +64.8% APRpaid last 24h +0.066%
Price spread now: Kraken Futures against Bitget+0.235%48s7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$1091.092% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.235%, 7d avg +0.145%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.090% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.145%. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% 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 | Bitget GALAUSDT | 0.002087 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $2.1M | $1.2M | 75x |
| Short | Kraken Futures PF_GALAUSD | 0.002092 | 0.0691 | get 0.0086% / 1h | 31m 29s | $657K | $151K | 25x |
Bitget GALAUSDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $124.2
- Price spread: +0.235% → +0.145%
- $9
- Slippage, 4 orders
- −$87.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $23.97
- Costs to cover
- 1.092%
- Break-even
- 5.6 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 56 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 | 4.79 bp | 20.9 bp −$21 | 104.7 bp −$1,047 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 56 min ago | 9.47 bp | 31.3 bp −$31 | 75.6 bp −$756 | 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 | +1.102% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0072% | 8h | 0.002090 | +0.144% | $312K | $75K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002089 | +0.096% | $310K | $174K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002090 | +0.122% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002090 | +0.122% | $5.4M | $17.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002088 | +0.048% | $6.0M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002089 | +0.096% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002091 | +0.192% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002089 | +0.096% | $5.5M | $3.6M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002086 | −0.048% | $1.8M | $6.6M | 75x | as long as short |
Injective GALA/USDC PERP
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDTlong | +0.0100% | 8h | 0.002087 | long leg | $2.1M | $1.2M | 75x | |
| BingX GALA-USDT | +0.0100% | 8h | 0.002088 | +0.048% | — | $11.4M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002088 | +0.068% | $25K | $17K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002089 | +0.098% | $3K | $156K | 5x | as long as short |
| Kraken Futures PF_GALAUSDshort | +0.0691% | 1h | 0.002092 | +0.235% | $657K | $151K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD