Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h +0.100%
Price spread now: Kraken Futures against Injective−1.425%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 1.425% cheaper against Injective than usual: you would sell low and buy high (−$142 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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 | Injective GALA/USDC PERP | 0.002110 | 0.0033 | pay 0.0004% / 1h | 1m 35s | $2K | $7K | 5.5x |
| Short | Kraken Futures PF_GALAUSD | 0.002080 | −0.0166 | pay 0.0021% / 1h | 1m 35s | $661K | $187K | 25x |
Injective GALA/USDC PERP
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- −$41.96
- Price spread: −1.425% → 0.000%
- −$142.47
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$194.46
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 52 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 Kraken Futures live order book, 52 min ago | 11.85 bp | 43.0 bp −$43 | 78.0 bp −$780 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDshort | −0.0166% | 1h | 0.002080 | −1.425% | $661K | $187K | 25x | |
| KuCoin GALAUSDTM | +0.0016% | 8h | 0.002077 | −1.564% | $1.7M | $5.0M | 75x | as long as short |
| Injective GALA/USDC PERPlong | +0.0033% | 1h | 0.002110 | long leg | $2K | $7K | 5.5x | |
| BloFin GALA-USDT | +0.0084% | 8h | 0.002077 | −1.564% | $307K | $67K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002078 | −1.517% | $305K | $155K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002079 | −1.447% | $17K | $7K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002079 | −1.447% | $5.5M | $16.9M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002078 | −1.517% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002078 | −1.517% | $2.2M | $4.0M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002079 | −1.469% | $1.8M | $1.4M | 75x | as long as short |
KuCoin GALAUSDTM
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GALA_USDT | +0.0100% | 8h | 0.002078 | −1.517% | $5.7M | $3.4M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002079 | −1.469% | $2.1M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002078 | −1.517% | — | $11.0M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002083 | −1.297% | $25K | $20K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002078 | −1.502% | $436 | $83K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD