Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.030%
Price spread now: Injective against Bybit+1.589%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 1.589% dearer against Bybit than usual: you sell high and buy low (spread +1.589% now, against zero (this spread has no 7-day history yet)): +$159 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. The two prices were read 48 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 | Bybit GALAUSDT | 0.002077 | 0.0100 | pay 0.0100% / 8h | 4h 50m | $6.0M | $6.4M | 75x |
| Short | Injective GALA/USDC PERP | 0.002110 | 0.0033 | get 0.0004% / 1h | 50m 41s | $2K | $7K | 5.5x |
Bybit GALAUSDT
Injective GALA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: +1.589% → 0.000%
- $158.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $133.86
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 2.40 bp | 18.8 bp −$19 | 54.7 bp −$547 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSD | −0.0287% | 1h | 0.002082 | +0.234% | $657K | $177K | 25x | as long as short |
| KuCoin GALAUSDTM | −0.0084% | 8h | 0.002076 | −0.048% | $1.7M | $5.5M | 75x | as long as short |
| Injective GALA/USDC PERPshort | +0.0033% | 1h | 0.002110 | +1.589% | $2K | $7K | 5.5x | |
| BloFin GALA-USDT | +0.0075% | 8h | 0.002084 | +0.337% | $309K | $69K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002083 | +0.289% | $306K | $160K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002084 | +0.358% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002078 | +0.050% | $5.5M | $17.4M | 75x | as long as short |
| Bybit GALAUSDTlong | +0.0100% | 8h | 0.002077 | long leg | $6.0M | $6.4M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002076 | −0.048% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002080 | +0.144% | $1.8M | $1.3M | 75x | as long as short |
Kraken Futures PF_GALAUSD
KuCoin GALAUSDTM
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GALA_USDT | +0.0100% | 8h | 0.002079 | +0.096% | $6.0M | $3.4M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002079 | +0.096% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002079 | +0.096% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002080 | +0.127% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002078 | +0.051% | $2K | $138K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD