Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.121%
Price spread now: OKX against Kraken Futures−0.157%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.157%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.090% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.067%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_GALAUSD | 0.002093 | 0.0200 | pay 0.0025% / 1h | 58m 45s | $677K | $226K | 25x |
| Short | OKX GALA-USDT-SWAP | 0.002090 | 0.0100 | get 0.0100% / 8h | 6h 58m | $2.2M | $4.1M | 50x |
Kraken Futures PF_GALAUSD
OKX GALA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$21.1
- Price spread: −0.157% → −0.067%
- −$8.95
- Slippage, 4 orders
- −$84.06
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$134.11
- Costs to cover
- 1.041%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; OKX: 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, 34 min ago | 9.70 bp | 31.2 bp −$31 | 112.3 bp −$1,123 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.39 bp | 18.3 bp −$18 | 71.9 bp −$719 | 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 | +0.799% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002091 | −0.109% | $306K | $139K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002093 | −0.007% | $17K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002091 | −0.094% | $5.5M | $16.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002092 | −0.061% | $6.1M | $5.8M | 75x | as long as short |
| OKX GALA-USDT-SWAPshort | +0.0100% | 8h | 0.002090 | −0.157% | $2.2M | $4.1M | 50x | |
| Gate GALA_USDT | +0.0100% | 8h | 0.002094 | +0.035% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002092 | −0.061% | $5.9M | $3.2M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002092 | −0.061% | $1.8M | $4.4M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002092 | −0.061% | $2.1M | $1.4M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTM
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 | 0.002092 | −0.061% | — | $13.7M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002093 | −0.032% | $25K | $14K | — | as long as short |
| BloFin GALA-USDT | +0.0103% | 8h | 0.002094 | +0.035% | $302K | $64K | 20x | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002091 | −0.089% | $658 | $187K | 5x | as long as short |
| Kraken Futures PF_GALAUSDlong | +0.0200% | 1h | 0.002093 | long leg | $677K | $226K | 25x |
BingX GALA-USDT
Variational Omni GALA
BloFin GALA-USDT
Extended GALA-USD