Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h −0.001%
Price spread now: BingX against BloFin−0.379%51s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$600.598% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 3 days (all we have)+0.275%+$27 · spread now −0.379%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.383% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you. The two prices were read 51 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 | BloFin GALA-USDT | 0.002109 | 0.0123 | pay 0.0123% / 8h | 7h 12m | $312K | $63K | 20x |
| Short | BingX GALA-USDT | 0.002101 | 0.0100 | get 0.0100% / 8h | 7h 12m | — | $11.1M | — |
BloFin GALA-USDT
BingX GALA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$4.79
- Price spread: −0.379% → +0.003%
- −$38.26
- Slippage, 4 orders
- −$37.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.81
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; BingX: live order book, 11 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 BloFin live order book, 54 min ago | 4.82 bp | 20.1 bp −$20 | 29.2 bp −$292 | 230.8 bp −$23.1K | doesn't fit |
| Sell BingX live order book, 11 min ago | 4.77 bp | 9.8 bp −$10 | 28.3 bp −$283 | 224.9 bp −$22.5K | 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 | +0.047% | $2K | $7K | 5.5x | as long as short |
| KuCoin GALAUSDTM | +0.0034% | 8h | 0.002098 | −0.522% | $1.8M | $6.0M | 75x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002103 | −0.284% | $312K | $162K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002104 | −0.247% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002104 | −0.256% | $5.6M | $17.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002100 | −0.427% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002099 | −0.474% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002106 | −0.142% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002100 | −0.427% | $6.1M | $3.5M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002100 | −0.427% | $2.2M | $1.2M | 75x | 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_USDT
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDTshort | +0.0100% | 8h | 0.002101 | −0.379% | — | $11.1M | — | |
| Variational Omni GALA | +0.0100% | 8h | 0.002108 | −0.063% | $26K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002105 | −0.211% | $2K | $140K | 5x | as long as short |
| BloFin GALA-USDTlong | +0.0123% | 8h | 0.002109 | long leg | $312K | $63K | 20x | |
| Kraken Futures PF_GALAUSD | +0.0363% | 1h | 0.002106 | −0.135% | $669K | $164K | 25x | as long as short |
Variational Omni GALA
Extended GALA-USD
Kraken Futures PF_GALAUSD