Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.096%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.096%, 7d avg −0.020%

Together, before fees+0.064%+$6 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: BingX is 0.075% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GALA_USDT	0.002090	0.0100	pay 0.0100% / 8h	1h 40m	$1.8M	$1.2M	75x
Short	BingX GALA-USDT	0.002088	0.0100	get 0.0100% / 8h	1h 40m	—	$11.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.020%: −$7.52
Slippage, 4 orders: −$64.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.39
Costs to cover: 0.899%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 13 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 Gate live order book, 2 min ago	2.39 bp	24.7 bp −$25	81.3 bp −$813	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	4.82 bp	23.4 bp −$23	50.6 bp −$506	308.8 bp −$30.9K	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	+0.957%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002088	−0.096%	$310K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002090	−0.013%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002088	−0.096%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002087	−0.144%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002087	−0.144%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDTlong	+0.0100%	8h	0.002090	long leg	$1.8M	$1.2M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002088	−0.096%	$5.7M	$3.5M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002086	−0.191%	$1.8M	$6.5M	75x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002087	−0.144%	$2.1M	$1.2M	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-USDTshort	+0.0100%	8h	0.002088	−0.096%	—	$11.4M	—
Variational Omni GALA	+0.0100%	8h	0.002087	−0.131%	$25K	$17K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002089	−0.068%	$3K	$156K	5x	as long as short
BloFin GALA-USDT	+0.0109%	8h	0.002090	0.000%	$307K	$73K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0871%	1h	0.002090	+0.006%	$659K	$153K	25x	as long as short