Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Gate−0.191%48s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.191%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.153% cheaper against Gate than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.038%). Swap the legs. 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 | Gate GALA_USDT | 0.002097 | 0.0100 | pay 0.0100% / 8h | 56m 21s | $1.8M | $1.2M | 75x |
| Short | BloFin GALA-USDT | 0.002093 | 0.0078 | get 0.0078% / 8h | 56m 21s | $306K | $74K | 20x |
Gate GALA_USDT
BloFin GALA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$4.56
- Price spread: −0.191% → −0.038%
- −$15.28
- Slippage, 4 orders
- −$58.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$104.86
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 16 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, 1 min ago | 4.78 bp | 25.2 bp −$25 | 79.8 bp −$798 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 4.80 bp | 24.5 bp −$25 | 38.8 bp −$388 | 120.0 bp −$12.0K | 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 | +0.620% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDTshort | +0.0078% | 8h | 0.002093 | −0.191% | $306K | $74K | 20x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002097 | 0.000% | $311K | $171K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002095 | −0.096% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002098 | +0.028% | $5.4M | $17.6M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002095 | −0.095% | $6.0M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002097 | 0.000% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDTlong | +0.0100% | 8h | 0.002097 | long leg | $1.8M | $1.2M | 75x | |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002098 | +0.048% | $5.8M | $3.4M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002094 | −0.143% | $1.8M | $6.3M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
MEXC GALA_USDT
KuCoin GALAUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002098 | +0.048% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002095 | −0.095% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002086 | −0.514% | $25K | $19K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002095 | −0.109% | $3K | $156K | 5x | as long as short |
| Kraken Futures PF_GALAUSD | +0.0583% | 1h | 0.002096 | −0.041% | $665K | $157K | 25x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
Kraken Futures PF_GALAUSD