Funding you earn now, next payment 07:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h +0.144%
Price spread now: Kraken Futures against KuCoin+0.214%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1471.475% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.214%, 7d avg +0.116%
=The price spread pays, funding is against you. Kraken Futures is 0.098% dearer against KuCoin than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.116%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.018% in total) that is about 39 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GALAUSDTM | 0.002060 | 0.0100 | pay 0.0100% / 8h | 1h 01m | $1.7M | $4.7M | 75x |
| Short | Kraken Futures PF_GALAUSD | 0.002064 | −0.0141 | pay 0.0018% / 1h | 1m 17s | $662K | $235K | 25x |
KuCoin GALAUSDTM
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$50.67
- Price spread: +0.214% → +0.116%
- $9.81
- Slippage, 4 orders
- −$125.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$188.36
- Costs to cover
- 1.475%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Kraken Futures: live order book, 42 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 | 53.9 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 7.26 bp | 23.7 bp −$24 | 67.1 bp −$671 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDshort | −0.0141% | 1h | 0.002064 | +0.214% | $662K | $235K | 25x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +2.427% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002063 | +0.146% | $302K | $145K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002061 | +0.065% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002062 | +0.097% | $5.4M | $17.2M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002061 | +0.049% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002061 | +0.049% | $2.1M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002063 | +0.146% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002061 | +0.049% | $5.5M | $3.3M | 125x | as long as short |
| KuCoin GALAUSDTMlong | +0.0100% | 8h | 0.002060 | long leg | $1.7M | $4.7M | 75x |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002061 | +0.049% | $2.1M | $1.3M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002062 | +0.097% | — | $13.7M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002075 | +0.735% | $25K | $14K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002062 | +0.076% | $4K | $86K | 5x | as long as short |
| BloFin GALA-USDT | +0.0110% | 8h | 0.002074 | +0.680% | $301K | $65K | 20x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT