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Funding arb · Price arb /

GALA

all GALA markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance−0.041%51s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as 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−$620.616% of the position
Long on BinanceShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.041%, 7d avg −0.001%
Together, before fees+0.127%+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.041% cheaper against Binance than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.001%). If the spread goes back, that is −$4 on $10k: about 4.6 days of funding at the current rate (+$1 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GALAUSDT0.0021020.0100pay 0.0100% / 8h7h 04m$5.6M$17.7M75x
ShortBloFin GALA-USDT0.0021010.0129get 0.0129% / 8h7h 04m$312K$62K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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

Funding earned
$6.11
Price spread: −0.041% → −0.001%
−$4.05
Slippage, 4 orders
−$39.63
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$59.57
Costs to cover
0.616%
Break-even
75.3 days
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago2.37 bp13.2 bp −$1339.2 bp −$392doesn't fitdoesn't fit
Sell BloFin live order book, 62 min ago4.82 bp10.8 bp −$1124.0 bp −$240107.4 bp −$10.7Kdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin GALAUSDTM+0.0031%8h0.002099−0.137%$1.8M$5.9M75xas long as short
Injective GALA/USDC PERP+0.0033%1h0.002110+0.387%$2K$7K5.5xas long as short
Hyperliquid GALA+0.0100%1h0.002102+0.006%$312K$162K3xas long as short
Aster GALAUSDT+0.0100%8h0.002100−0.084%$17K$11K5xas long as short
Binance GALAUSDTlong+0.0100%8h0.002102long leg$5.6M$17.7M75x
Bybit GALAUSDT+0.0100%8h0.002101−0.041%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002100−0.089%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002102+0.006%$1.8M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002101−0.041%$6.1M$3.5M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002101−0.041%$2.2M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDT+0.0100%8h0.002101−0.041%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002095−0.322%$25K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002101−0.019%$482$142K5xas long as short
BloFin GALA-USDTshort+0.0129%8h0.002101−0.041%$312K$62K20x
Kraken Futures PF_GALAUSD+0.0364%1h0.002099−0.124%$667K$164K25xas long as short