Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h +0.030%

Price spread now: Injective against BloFin+1.834%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.834% dearer against BloFin than usual: you sell high and buy low (spread +1.834% now, against zero (this spread has no 7-day history yet)): +$183 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GALA-USDT	0.002072	0.0100	pay 0.0100% / 8h	2h 55m	$306K	$67K	20x
Short	Injective GALA/USDC PERP	0.002110	0.0033	get 0.0004% / 1h	55m 50s	$2K	$7K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee InjectivebpOrdersPrice spread, now +1.834%Rate

Funding earned: −$13.93
Price spread: +1.834% → 0.000%: $183.4
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $157.45
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 16 min ago; Injective: no order-book sample. Net counts fees only.

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, 16 min ago	4.80 bp	15.9 bp −$16	34.3 bp −$343	260.1 bp −$26.0K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
KuCoin GALAUSDTM	+0.0026%	8h	0.002082	+0.483%	$1.8M	$5.0M	75x	as long as short
Injective GALA/USDC PERPshort	+0.0033%	1h	0.002110	+1.834%	$2K	$7K	5.5x
BloFin GALA-USDTlong	+0.0100%	8h	0.002072	long leg	$306K	$67K	20x
Hyperliquid GALA	+0.0100%	1h	0.002082	+0.483%	$306K	$155K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002083	+0.554%	$17K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002083	+0.524%	$5.5M	$16.9M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002083	+0.531%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002080	+0.386%	$2.2M	$4.0M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002084	+0.579%	$1.8M	$1.4M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002082	+0.483%	$5.7M	$3.3M	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002084	+0.579%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002083	+0.531%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002083	+0.537%	$25K	$20K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002084	+0.566%	$4K	$88K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0615%	1h	0.002084	+0.579%	$663K	$187K	25x	as long as short