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: Bybit against Variational Omni+0.325%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.325% dearer against Variational Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GALA	0.002086	0.0100	pay 0.0100% / 8h	58m 17s	$25K	$19K	—
Short	Bybit GALAUSDT	0.002093	0.0100	get 0.0100% / 8h	58m 17s	$6.0M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.325%Rate

Funding earned: $0
Price spread: +0.325% → 0.000%: $32.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $21.51
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.39 bp	19.1 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+1.140%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0095%	8h	0.002092	+0.277%	$307K	$73K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002095	+0.421%	$310K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002093	+0.332%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002095	+0.407%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDTshort	+0.0100%	8h	0.002093	+0.325%	$6.0M	$6.5M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002094	+0.373%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002096	+0.469%	$1.8M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002094	+0.373%	$5.7M	$3.4M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002093	+0.325%	$1.8M	$6.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002094	+0.373%	$2.1M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002094	+0.373%	—	$11.2M	—	as long as short
Variational Omni GALAlong	+0.0100%	8h	0.002086	long leg	$25K	$19K	—
Extended GALA-USD	+0.0104%	1h	0.002094	+0.385%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0583%	1h	0.002096	+0.472%	$665K	$157K	25x	as long as short