Funding you earn now, next payment 02:00 UTC−0.0324%/8h= −35.4% APRpaid last 24h +0.115%
Price spread now: Kraken Futures against OKX+0.126%45s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1051.052% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.126%, 7d avg +0.073%
=The price spread pays, funding is against you. Kraken Futures is 0.053% dearer against OKX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.073%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.096% in total) that is about 3.9 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% 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 | OKX GALA-USDT-SWAP | 0.002093 | 0.0100 | pay 0.0100% / 8h | 6h 03m | $2.2M | $4.2M | 50x |
| Short | Kraken Futures PF_GALAUSD | 0.002096 | −0.0224 | pay 0.0028% / 1h | 3m 37s | $666K | $172K | 25x |
OKX GALA-USDT-SWAP
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$67.94
- Price spread: +0.126% → +0.073%
- $5.34
- Slippage, 4 orders
- −$85.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$167.82
- Costs to cover
- 1.052%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Kraken Futures: live order book, 64 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, 4 min ago | 2.39 bp | 18.8 bp −$19 | 70.2 bp −$702 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 64 min ago | 11.88 bp | 28.6 bp −$29 | 63.4 bp −$634 | doesn't fit | doesn't fit |
GALA on 14 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 | −0.0224% | 1h | 0.002096 | +0.126% | $666K | $172K | 25x | |
| KuCoin GALAUSDTM | −0.0050% | 8h | 0.002093 | 0.000% | $1.7M | $5.7M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +0.812% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002098 | +0.239% | $306K | $159K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002096 | +0.150% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002095 | +0.103% | $5.5M | $17.4M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002095 | +0.096% | $6.1M | $6.4M | 75x | as long as short |
| OKX GALA-USDT-SWAPlong | +0.0100% | 8h | 0.002093 | long leg | $2.2M | $4.2M | 50x | |
| Gate GALA_USDT | +0.0100% | 8h | 0.002096 | +0.143% | $1.8M | $1.3M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002094 | +0.048% | $6.1M | $3.5M | 125x | as long as short |
KuCoin GALAUSDTM
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
Gate GALA_USDT
MEXC GALA_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002095 | +0.096% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002095 | +0.096% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002090 | −0.161% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002095 | +0.080% | $2K | $141K | 5x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD