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Funding arb · Price arb /

GALA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against KuCoin−0.048%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1201.198% of the position
Long on KuCoinShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.048%, 7d avg +0.052%
Together, before fees+0.209%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.052%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.017% in total) that is about 41 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GALAUSDTM0.0020770.0064pay 0.0064% / 8h7h 54m$1.7M$6.1M75x
ShortBloFin GALA-USDT0.0020760.0093get 0.0093% / 8h7h 54m$305K$70K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.14
Price spread: −0.048% → +0.052%
−$9.97
Slippage, 4 orders
−$95.79
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$123.62
Costs to cover
1.198%
Break-even
148.0 days
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago2.40 bp48.4 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 12 min ago4.82 bp10.8 bp −$1124.0 bp −$240107.4 bp −$10.7Kdoesn't fit

GALA on 15 venues

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 PERP+0.0033%1h0.002110+1.589%$2K$7K5.5xas long as short
KuCoin GALAUSDTMlong+0.0064%8h0.002077long leg$1.7M$6.1M75x
BloFin GALA-USDTshort+0.0093%8h0.002076−0.048%$305K$70K20x
Hyperliquid GALA+0.0100%1h0.002078+0.048%$308K$171K3xas long as short
Aster GALAUSDT+0.0100%8h0.002079+0.084%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002078+0.048%$5.4M$17.9M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002078+0.048%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002078+0.048%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002079+0.096%$1.7M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002078+0.048%$6.0M$3.5M125xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.0020770.000%$2.1M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002076−0.048%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002085+0.396%$25K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002078+0.027%$3K$152K5xas long as short
Kraken Futures PF_GALAUSD+0.0368%1h0.002078+0.071%$660K$165K25xas long as short