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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 01:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.004%
Price spread now: Extended against KuCoin+0.177%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1321.320% of the position
Long on KuCoinShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.177%, 7d avg +0.004%
Together, before fees−0.180%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.173% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GALAUSDTM0.0020890.0047pay 0.0047% / 8h7h 36m$1.8M$6.0M75x
ShortExtended GALA-USD0.0020930.0104get 0.0013% / 1h36m 37s$2K$157K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$11.97
Price spread: +0.177% → +0.004%
$17.34
Slippage, 4 orders
−$114.95
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$102.65
Costs to cover
1.320%
Break-even
67.0 days
Slippage from KuCoin: live order book, 1 min ago; Extended: live order book, 34 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, 1 min ago2.39 bp43.2 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 34 min ago9.64 bp29.2 bp −$29134.3 bp −$1,343doesn't fitdoesn'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+1.005%$2K$7K5.5xas long as short
KuCoin GALAUSDTMlong+0.0047%8h0.002089long leg$1.8M$6.0M75x
Hyperliquid GALA+0.0100%1h0.002093+0.191%$310K$167K3xas long as short
Aster GALAUSDT+0.0100%8h0.002093+0.190%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002093+0.191%$5.5M$17.8M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002093+0.191%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002093+0.191%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002092+0.144%$1.7M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002093+0.191%$6.1M$3.5M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002092+0.144%$2.2M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDT+0.0100%8h0.002092+0.144%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002089+0.008%$26K$21K—as long as short
Extended GALA-USDshort+0.0104%1h0.002093+0.177%$2K$157K5x
BloFin GALA-USDT+0.0124%8h0.002087−0.096%$307K$68K20xas long as short
Kraken Futures PF_GALAUSD+0.0365%1h0.002094+0.222%$665K$164K25xas long as short