Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0388%/8h= +42.4% APRpaid last 24h −0.125%

Price spread now: Aster against Kraken Futures+0.126%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.126% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GALAUSD	0.002076	−0.0288	get 0.0036% / 1h	47m 38s	$655K	$177K	25x
Short	Aster GALAUSDT	0.002078	0.0100	get 0.0100% / 8h	4h 47m	$17K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.126%Rate

Funding earned: $81.38
Price spread: +0.126% → 0.000%: $12.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $75.98
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: live order book, 10 min ago; Aster: no order-book sample. 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 Kraken Futures live order book, 10 min ago	12.03 bp	35.6 bp −$36	122.4 bp −$1,224	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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_GALAUSDlong	−0.0288%	1h	0.002076	long leg	$655K	$177K	25x
KuCoin GALAUSDTM	−0.0080%	8h	0.002076	+0.010%	$1.7M	$5.5M	75x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.648%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0081%	8h	0.002079	+0.155%	$308K	$69K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002077	+0.059%	$305K	$161K	3x	as long as short
Aster GALAUSDTshort	+0.0100%	8h	0.002078	+0.126%	$17K	$11K	5x
Binance GALAUSDT	+0.0100%	8h	0.002078	+0.127%	$5.5M	$17.4M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002078	+0.107%	$6.0M	$6.4M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002077	+0.059%	$2.2M	$4.2M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002078	+0.107%	$1.8M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GALA_USDT	+0.0100%	8h	0.002077	+0.059%	$5.9M	$3.4M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002077	+0.059%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002078	+0.107%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002080	+0.186%	$25K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002077	+0.080%	$2K	$138K	5x	as long as short