Funding you earn now, next payment 00:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.085%
Price spread now: Kraken Futures against Gate+0.012%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1301.300% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.012%, 7d avg +0.030%
=The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.137%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 | 0m 36s | $1.7M | $1.2M | 75x |
| Short | Kraken Futures PF_GALAUSD | 0.002090 | 0.0584 | get 0.0073% / 1h | 0m 36s | $664K | $164K | 25x |
Gate GALA_USDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $101.69
- Price spread: +0.012% → +0.030%
- −$1.83
- Slippage, 4 orders
- −$105
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$30.14
- Costs to cover
- 1.300%
- Break-even
- 9.1 days
Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 12 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 | 4.79 bp | 31.4 bp −$31 | 76.5 bp −$765 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 12 min ago | 7.19 bp | 30.7 bp −$31 | 68.7 bp −$687 | 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 | +0.957% | $2K | $7K | 5.5x | as long as short |
| KuCoin GALAUSDTM | +0.0061% | 8h | 0.002087 | −0.144% | $1.8M | $6.1M | 75x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002089 | −0.048% | $310K | $171K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002089 | −0.048% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002088 | −0.078% | $5.4M | $17.8M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002088 | −0.096% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002088 | −0.096% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDTlong | +0.0100% | 8h | 0.002090 | long leg | $1.7M | $1.2M | 75x | |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002089 | −0.048% | $6.1M | $3.5M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002088 | −0.096% | $2.1M | $1.2M | 75x | as long as short |
Injective GALA/USDC PERP
KuCoin GALAUSDTM
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
MEXC GALA_USDT
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002089 | −0.048% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002084 | −0.301% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002089 | −0.067% | $3K | $156K | 5x | as long as short |
| BloFin GALA-USDT | +0.0111% | 8h | 0.002085 | −0.239% | $306K | $70K | 20x | as long as short |
| Kraken Futures PF_GALAUSDshort | +0.0584% | 1h | 0.002090 | +0.012% | $664K | $164K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT