Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against Bybit−0.144%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1241.245% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.253%+$25 · spread now −0.144%, 7d avg −0.019%

Together, before fees+0.216%+$22 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: KuCoin is 0.125% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GALAUSDT	0.002080	0.0100	pay 0.0100% / 8h	7h 45m	$6.0M	$6.0M	75x
Short	KuCoin GALAUSDTM	0.002077	0.0100	get 0.0100% / 8h	7h 45m	$1.7M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.019%: −$12.52
Slippage, 4 orders: −$101.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$137
Costs to cover: 1.245%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 2 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 Bybit live order book, 2 min ago	2.40 bp	15.2 bp −$15	53.5 bp −$535	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.41 bp	49.5 bp −$49	doesn't fit	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	+1.442%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002079	−0.048%	$304K	$144K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002079	−0.039%	$16K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002079	−0.047%	$5.5M	$17.1M	75x	as long as short
Bybit GALAUSDTlong	+0.0100%	8h	0.002080	long leg	$6.0M	$6.0M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002078	−0.096%	$2.2M	$4.1M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002080	0.000%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002078	−0.096%	$5.5M	$3.2M	125x	as long as short
KuCoin GALAUSDTMshort	+0.0100%	8h	0.002077	−0.144%	$1.7M	$4.5M	75x
Bitget GALAUSDT	+0.0100%	8h	0.002080	0.000%	$2.1M	$1.4M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDT	+0.0100%	8h	0.002079	−0.048%	—	$13.7M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002078	−0.089%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002079	−0.031%	$2K	$191K	5x	as long as short
BloFin GALA-USDT	+0.0109%	8h	0.002075	−0.240%	$301K	$65K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0558%	1h	0.002080	+0.013%	$671K	$240K	25x	as long as short