Funding you earn now, next payment 01:00 UTC−0.0262%/8h= −28.7% APRnext payment −$0.33 per $10,000 · paid last 24h −0.084%
Price spread now: Extended against Kraken Futures−0.087%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.087%, 7d avg −0.110%
=Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.022% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.110%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.102%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. 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 | 0.002087 | 0.0366 | pay 0.0046% / 1h | 56m 36s | $663K | $165K | 25x |
| Short | Extended GALA-USD | 0.002085 | 0.0104 | get 0.0013% / 1h | 56m 36s | $3K | $152K | 5x |
Kraken Futures PF_GALAUSD
Extended GALA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$55.05
- Price spread: −0.087% → −0.110%
- $2.24
- Slippage, 4 orders
- −$115.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$183.4
- Costs to cover
- 1.306%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 16 min ago; Extended: live order book, 14 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, 16 min ago | 7.19 bp | 41.6 bp −$42 | 90.3 bp −$903 | doesn't fit | doesn't fit |
| Sell Extended live order book, 14 min ago | 9.64 bp | 29.2 bp −$29 | 134.3 bp −$1,343 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.116% | $2K | $7K | 5.5x | as long as short |
| KuCoin GALAUSDTM | +0.0063% | 8h | 0.002084 | −0.130% | $1.8M | $6.1M | 75x | as long as short |
| BloFin GALA-USDT | +0.0073% | 8h | 0.002084 | −0.130% | $305K | $70K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002087 | +0.014% | $309K | $171K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002083 | −0.157% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002085 | −0.067% | $5.5M | $17.9M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002085 | −0.082% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002084 | −0.130% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002084 | −0.130% | $1.7M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002085 | −0.082% | $6.0M | $3.5M | 125x | as long as short |
Injective GALA/USDC PERP
KuCoin GALAUSDTM
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002085 | −0.082% | $2.1M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002083 | −0.178% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002084 | −0.144% | $25K | $21K | — | as long as short |
| Extended GALA-USDshort | +0.0104% | 1h | 0.002085 | −0.087% | $3K | $152K | 5x | |
| Kraken Futures PF_GALAUSDlong | +0.0366% | 1h | 0.002087 | long leg | $663K | $165K | 25x |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA