Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against KuCoin+0.130%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.229%−$23 · spread now +0.130%, 7d avg +0.040%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.090% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GALAUSDTM	0.002072	0.0100	pay 0.0100% / 8h	7h 51m	$1.7M	$4.5M	75x
Short	Binance GALAUSDT	0.002075	0.0100	get 0.0100% / 8h	7h 51m	$5.4M	$17.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.130%Rate

Funding earned: $0
Price spread: +0.130% → +0.040%: $8.97
Slippage, 4 orders: −$93.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.58
Costs to cover: 1.156%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: 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 KuCoin live order book, 6 min ago	2.41 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.42 bp	14.1 bp −$14	48.7 bp −$487	451.5 bp −$45.1K	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	+1.834%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0082%	8h	0.002074	+0.097%	$303K	$65K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002073	+0.048%	$303K	$144K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002074	+0.120%	$16K	$8K	5x	as long as short
Binance GALAUSDTshort	+0.0100%	8h	0.002075	+0.130%	$5.4M	$17.1M	75x
Bybit GALAUSDT	+0.0100%	8h	0.002074	+0.097%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002073	+0.048%	$2.2M	$4.1M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002073	+0.048%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002072	0.000%	$5.5M	$3.2M	125x	as long as short
KuCoin GALAUSDTMlong	+0.0100%	8h	0.002072	long leg	$1.7M	$4.5M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002075	+0.145%	$2.1M	$1.4M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002074	+0.097%	—	$13.7M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002070	−0.089%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002075	+0.139%	$2K	$191K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0560%	1h	0.002073	+0.050%	$669K	$240K	25x	as long as short