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Funding arb · Price arb /

GALA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 10:00 UTC−0.0169%/8h= −18.5% APRnext payment −$0.21 per $10,000 · paid last 24h −0.085%
Price spread now: Injective against Kraken Futures+1.692%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Injective
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. Injective is 1.692% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.692% now, against zero (this spread has no 7-day history yet)): +$169 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GALAUSD0.0020750.0202pay 0.0025% / 1h20m 35s$672K$219K25x
ShortInjective GALA/USDC PERP0.0021100.0033get 0.0004% / 1h20m 35s$2K$7K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$35.48
Price spread: +1.692% → 0.000%
$169.25
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$123.75
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Kraken Futures: live order book, 30 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 30 min ago7.23 bp36.9 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample—————
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERPshort+0.0033%1h0.002110+1.692%$2K$7K5.5x
Hyperliquid GALA+0.0100%1h0.002072−0.139%$303K$136K3xas long as short
Aster GALAUSDT+0.0100%8h0.002074−0.065%$16K$8K5xas long as short
Binance GALAUSDT+0.0100%8h0.002073−0.091%$5.4M$16.1M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002073−0.091%$6.0M$5.6M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002072−0.139%$2.1M$4.0M50xas long as short
Gate GALA_USDT+0.0100%8h0.002074−0.043%$1.8M$1.5M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002073−0.091%$6.2M$3.3M125xas long as short
KuCoin GALAUSDTM+0.0100%8h0.002071−0.187%$1.7M$4.2M75xas long as short
Bitget GALAUSDT+0.0100%8h0.002073−0.091%$2.1M$1.3M75xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDT+0.0100%8h0.002074−0.043%—$13.7M—as long as short
Variational Omni GALA+0.0100%8h0.002072−0.135%$25K$14K—as long as short
Extended GALA-USD+0.0104%1h0.002072−0.117%$2K$186K5xas long as short
BloFin GALA-USDT+0.0105%8h0.002075+0.006%$301K$60K20xas long as short
Kraken Futures PF_GALAUSDlong+0.0202%1h0.002075long leg$672K$219K25x