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Funding arb · Price arb /

GALA

all GALA markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.030%
Price spread now: BloFin against Injective−2.275%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on BloFin
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. BloFin is 2.275% cheaper against Injective than usual: you would sell low and buy high (spread −2.275% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$227 on $10k: about 4 months of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective GALA/USDC PERP0.0021100.0033pay 0.0004% / 1h18m 07s$2K$7K5.5x
ShortBloFin GALA-USDT0.0020620.0095get 0.0095% / 8h2h 18m$301K$66K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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

Funding earned
$13.01
Price spread: −2.275% → 0.000%
−$227.49
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$226.5
Costs to cover
0.120%
Break-even
128.9 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell BloFin live order book, 54 min ago4.80 bp13.2 bp −$1326.6 bp −$266111.5 bp −$11.2Kdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERPlong+0.0033%1h0.002110long leg$2K$7K5.5x
KuCoin GALAUSDTM+0.0092%8h0.002060−2.370%$1.7M$4.9M75xas long as short
BloFin GALA-USDTshort+0.0095%8h0.002062−2.275%$301K$66K20x
Hyperliquid GALA+0.0100%1h0.002061−2.322%$302K$157K3xas long as short
Aster GALAUSDT+0.0100%8h0.002061−2.304%$17K$8K5xas long as short
Binance GALAUSDT+0.0100%8h0.002061−2.304%$5.4M$17.4M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002060−2.370%$5.9M$6.1M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002058−2.464%$2.1M$4.1M50xas long as short
Gate GALA_USDT+0.0100%8h0.002063−2.227%$1.7M$1.5M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002061−2.322%$5.3M$3.4M125xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002061−2.322%$2.1M$1.3M75xas long as short
BingX GALA-USDT+0.0100%8h0.002061−2.322%—$10.9M—as long as short
Variational Omni GALA+0.0100%8h0.002051−2.813%$25K$15K—as long as short
Extended GALA-USD+0.0104%1h0.002061−2.331%$4K$83K5xas long as short
Kraken Futures PF_GALAUSD+0.0622%1h0.002062−2.261%$661K$213K25xas long as short