Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.088%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$730.727% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.088%, 7d avg +0.015%

Together, before fees−0.022%−$2 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 0.073% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GALA-USDT-SWAP	0.002075	0.0100	pay 0.0100% / 8h	4h 50m	$2.2M	$4.1M	50x
Short	Binance GALAUSDT	0.002077	0.0100	get 0.0100% / 8h	4h 50m	$5.5M	$17.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.015%: $7.3
Slippage, 4 orders: −$52.71
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.41
Costs to cover: 0.727%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 6 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 OKX live order book, 2 min ago	2.40 bp	20.6 bp −$21	78.2 bp −$782	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.39 bp	15.8 bp −$16	48.3 bp −$483	434.1 bp −$43.4K	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_GALAUSD	−0.0287%	1h	0.002079	+0.176%	$656K	$177K	25x	as long as short
KuCoin GALAUSDTM	−0.0084%	8h	0.002074	−0.048%	$1.7M	$5.5M	75x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.687%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0075%	8h	0.002084	+0.434%	$309K	$69K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002078	+0.145%	$305K	$160K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002080	+0.265%	$17K	$11K	5x	as long as short
Binance GALAUSDTshort	+0.0100%	8h	0.002077	+0.088%	$5.5M	$17.4M	75x
Bybit GALAUSDT	+0.0100%	8h	0.002075	0.000%	$6.0M	$6.4M	75x	as long as short
OKX GALA-USDT-SWAPlong	+0.0100%	8h	0.002075	long leg	$2.2M	$4.1M	50x
Gate GALA_USDT	+0.0100%	8h	0.002079	+0.193%	$1.8M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GALA_USDT	+0.0100%	8h	0.002076	+0.048%	$5.9M	$3.4M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002077	+0.096%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002077	+0.096%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002080	+0.223%	$25K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002078	+0.166%	$2K	$138K	5x	as long as short