Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.030%

Price spread now: Gate against Injective−1.422%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

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. Gate is 1.422% cheaper against Injective than usual: you would sell low and buy high (spread −1.422% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$142 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GALA/USDC PERP	0.002110	0.0033	pay 0.0004% / 1h	9m 05s	$2K	$7K	5.5x
Short	Gate GALA_USDT	0.002080	0.0100	get 0.0100% / 8h	9m 05s	$1.7M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee GatebpOrdersPrice spread, now −1.422%Rate

Funding earned: $14
Price spread: −1.422% → 0.000%: −$142.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$143.2
Costs to cover: 0.150%
Break-even: 78.6 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	2.40 bp	27.6 bp −$28	81.7 bp −$817	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GALA/USDC PERPlong	+0.0033%	1h	0.002110	long leg	$2K	$7K	5.5x
KuCoin GALAUSDTM	+0.0068%	8h	0.002078	−1.517%	$1.8M	$6.1M	75x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002082	−1.327%	$309K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002079	−1.457%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002082	−1.345%	$5.4M	$17.8M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002081	−1.374%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002079	−1.469%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDTshort	+0.0100%	8h	0.002080	−1.422%	$1.7M	$1.2M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002082	−1.327%	$6.0M	$3.5M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002081	−1.374%	$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-USDT	+0.0100%	8h	0.002080	−1.422%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002072	−1.791%	$25K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002081	−1.364%	$3K	$156K	5x	as long as short
BloFin GALA-USDT	+0.0124%	8h	0.002078	−1.517%	$305K	$70K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0586%	1h	0.002084	−1.226%	$662K	$164K	25x	as long as short