Funding you earn now, next payment 07:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h +0.140%
Price spread now: Kraken Futures against MEXC+0.010%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$770.769% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.010%, 7d avg +0.075%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.065% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.4% 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 | MEXC GALA_USDT | 0.002069 | 0.0100 | pay 0.0100% / 8h | 1h 55m | $5.5M | $3.3M | 125x |
| Short | Kraken Futures PF_GALAUSD | 0.002069 | −0.0141 | pay 0.0018% / 1h | 55m 54s | $660K | $224K | 25x |
MEXC GALA_USDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- −$50.6
- Price spread: +0.010% → +0.075%
- −$6.48
- Slippage, 4 orders
- −$66.93
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$134.01
- Costs to cover
- 0.769%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 52 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 MEXC live order book, 2 min ago | 2.41 bp | 4.4 bp −$4 | 12.6 bp −$126 | 99.4 bp −$9,938 | 191.1 bp −$95.5K |
| Sell Kraken Futures live order book, 52 min ago | 9.64 bp | 31.7 bp −$32 | 73.4 bp −$734 | 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 | 0.002069 | +0.010% | $660K | $224K | 25x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.982% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0072% | 8h | 0.002076 | +0.338% | $301K | $66K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002070 | +0.048% | $303K | $158K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002070 | +0.057% | $17K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002069 | +0.019% | $5.4M | $17.5M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002070 | +0.048% | $6.0M | $6.1M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002069 | 0.000% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002073 | +0.193% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDTlong | +0.0100% | 8h | 0.002069 | long leg | $5.5M | $3.3M | 125x |
Injective GALA/USDC PERP
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002069 | 0.000% | $1.7M | $4.9M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002070 | +0.048% | $2.1M | $1.3M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002073 | +0.193% | — | $11.6M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002071 | +0.102% | $25K | $15K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002068 | −0.026% | $1K | $84K | 5x | as long as short |
KuCoin GALAUSDTM
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD