Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against OKX+0.048%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.048%, 7d avg −0.058%

Together, before fees−0.055%−$5 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: Bitget is 0.106% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.058%.

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	6m 57s	$2.2M	$4.4M	50x
Short	Bitget GALAUSDT	0.002076	0.0100	get 0.0100% / 8h	6m 57s	$2.1M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.058%: $10.6
Slippage, 4 orders: −$48.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.25
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 5 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, 1 min ago	2.41 bp	17.8 bp −$18	61.0 bp −$610	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.40 bp	16.8 bp −$17	73.8 bp −$738	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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.687%	$2K	$7K	5.5x	as long as short
KuCoin GALAUSDTM	+0.0066%	8h	0.002075	0.000%	$1.8M	$6.1M	75x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002079	+0.193%	$308K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002079	+0.212%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002077	+0.102%	$5.4M	$17.8M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002077	+0.096%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAPlong	+0.0100%	8h	0.002075	long leg	$2.2M	$4.4M	50x
Gate GALA_USDT	+0.0100%	8h	0.002079	+0.193%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002078	+0.145%	$6.0M	$3.5M	125x	as long as short
Bitget GALAUSDTshort	+0.0100%	8h	0.002076	+0.048%	$2.1M	$1.2M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDT	+0.0100%	8h	0.002077	+0.096%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002072	−0.135%	$25K	$21K	—	as long as short
BloFin GALA-USDT	+0.0101%	8h	0.002079	+0.193%	$305K	$70K	20x	as long as short
Extended GALA-USD	+0.0104%	1h	0.002076	+0.069%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0587%	1h	0.002080	+0.230%	$661K	$164K	25x	as long as short