Funding you earn now, next payment 05:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h −0.125%
Price spread now: Bitget against Kraken Futures−0.094%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1091.089% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.094%, 7d avg −0.144%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.051% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.144%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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 | Kraken Futures PF_GALAUSD | 0.002105 | −0.0165 | get 0.0021% / 1h | 58m 16s | $664K | $178K | 25x |
| Short | Bitget GALAUSDT | 0.002103 | 0.0100 | get 0.0100% / 8h | 3h 58m | $2.2M | $1.2M | 75x |
Kraken Futures PF_GALAUSD
Bitget GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $55.55
- Price spread: −0.094% → −0.144%
- $5.06
- Slippage, 4 orders
- −$86.95
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$48.33
- Costs to cover
- 1.089%
- Break-even
- 13.1 days
Slippage from Kraken Futures: live order book, 60 min ago; Bitget: live order book, 4 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 Kraken Futures live order book, 60 min ago | 12.03 bp | 35.6 bp −$36 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.38 bp | 18.9 bp −$19 | 76.5 bp −$765 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDlong | −0.0165% | 1h | 0.002105 | long leg | $664K | $178K | 25x | |
| KuCoin GALAUSDTM | −0.0037% | 8h | 0.002101 | −0.189% | $1.8M | $5.3M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +0.239% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0092% | 8h | 0.002104 | −0.046% | $310K | $69K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002100 | −0.236% | $308K | $157K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002104 | −0.061% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002101 | −0.189% | $5.5M | $17.0M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002100 | −0.236% | $6.1M | $6.2M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002102 | −0.141% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002104 | −0.046% | $1.8M | $1.3M | 75x | as long as short |
KuCoin GALAUSDTM
Injective GALA/USDC PERP
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 | 0.002100 | −0.236% | $5.9M | $3.4M | 125x | as long as short |
| Bitget GALAUSDTshort | +0.0100% | 8h | 0.002103 | −0.094% | $2.2M | $1.2M | 75x | |
| BingX GALA-USDT | +0.0100% | 8h | 0.002103 | −0.094% | — | $11.0M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002102 | −0.135% | $26K | $20K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002101 | −0.212% | $574 | $141K | 5x | as long as short |
MEXC GALA_USDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD