Settings8H · net · $10k
Funding arb · Price arb /

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit+0.021%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$930.929% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.021%, 7d avg −0.042%
Together, before fees−0.074%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.063% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GALAUSDT0.0021080.0100pay 0.0100% / 8h7h 13m$6.1M$6.5M75x
ShortExtended GALA-USD0.0021080.0104get 0.0013% / 1h13m 40s$2K$140K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.021% → −0.042%
$6.29
Slippage, 4 orders
−$76.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$85.75
Costs to cover
0.929%
Break-even
721.6 days
Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago2.38 bp15.2 bp −$1548.8 bp −$488doesn't fitdoesn't fit
Sell Extended live order book, 57 min ago9.64 bp29.2 bp −$29134.3 bp −$1,343doesn't fitdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERP+0.0033%1h0.002110+0.095%$2K$7K5.5xas long as short
KuCoin GALAUSDTM+0.0034%8h0.002106−0.095%$1.8M$6.0M75xas long as short
Hyperliquid GALA+0.0100%1h0.0021080.000%$313K$162K3xas long as short
Aster GALAUSDT+0.0100%8h0.002108−0.015%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002108−0.013%$5.6M$17.7M75xas long as short
Bybit GALAUSDTlong+0.0100%8h0.002108long leg$6.1M$6.5M75x
OKX GALA-USDT-SWAP+0.0100%8h0.002109+0.047%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002107−0.047%$1.8M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.0021080.000%$6.1M$3.5M125xas long as short
Bitget GALAUSDT+0.0100%8h0.0021080.000%$2.2M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDT+0.0100%8h0.002109+0.047%$11.1Mas long as short
Variational Omni GALA+0.0100%8h0.002108−0.015%$26K$21Kas long as short
Extended GALA-USDshort+0.0104%1h0.002108+0.021%$2K$140K5x
BloFin GALA-USDT+0.0119%8h0.002099−0.427%$311K$62K20xas long as short
Kraken Futures PF_GALAUSD+0.0362%1h0.002109+0.032%$670K$164K25xas long as short