Funding you earn now, next payment 06:00 UTC−0.0498%/8h= −54.5% APRpaid last 24h −0.140%
Price spread now: BloFin against Kraken Futures+0.035%57s7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1121.116% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.035%, 7d avg −0.078%
=The price spread pays, funding is against you. BloFin is 0.113% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.078%): +$11 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% 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 | 0.002079 | 0.0616 | pay 0.0077% / 1h | 51m 40s | $659K | $189K | 25x |
| Short | BloFin GALA-USDT | 0.002080 | 0.0118 | get 0.0118% / 8h | 2h 51m | $309K | $67K | 20x |
Kraken Futures PF_GALAUSD
BloFin GALA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$104.58
- Price spread: +0.035% → −0.078%
- $11.29
- Slippage, 4 orders
- −$89.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$204.92
- Costs to cover
- 1.116%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 61 min ago; BloFin: live order book, 20 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, 61 min ago | 11.85 bp | 39.6 bp −$40 | 116.3 bp −$1,163 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 4.80 bp | 13.2 bp −$13 | 26.6 bp −$266 | 111.5 bp −$11.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GALAUSDTM | +0.0029% | 8h | 0.002072 | −0.350% | $1.7M | $5.0M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.478% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002076 | −0.157% | $305K | $154K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002075 | −0.205% | $17K | $7K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002073 | −0.296% | $5.4M | $16.9M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002073 | −0.302% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002072 | −0.350% | $2.2M | $4.0M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002076 | −0.157% | $1.8M | $1.4M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002072 | −0.350% | $5.7M | $3.3M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002073 | −0.302% | $2.1M | $1.2M | 75x | as long as short |
KuCoin GALAUSDTM
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002074 | −0.254% | — | $11.0M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002083 | +0.186% | $25K | $20K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002073 | −0.323% | $4K | $88K | 5x | as long as short |
| BloFin GALA-USDTshort | +0.0118% | 8h | 0.002080 | +0.035% | $309K | $67K | 20x | |
| Kraken Futures PF_GALAUSDlong | +0.0616% | 1h | 0.002079 | long leg | $659K | $189K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD