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 BingX−0.048%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.048%, 7d avg −0.005%

Together, before fees−0.036%−$4 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: Bybit is 0.043% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GALA-USDT	0.002077	0.0100	pay 0.0100% / 8h	1h 18m	—	$11.4M	—
Short	Bybit GALAUSDT	0.002076	0.0100	get 0.0100% / 8h	1h 18m	$6.0M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.005%: −$4.29
Slippage, 4 orders: −$42.01
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.3
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 4 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 BingX live order book, 9 min ago	4.82 bp	14.0 bp −$14	36.2 bp −$362	391.2 bp −$39.1K	doesn't fit
Sell Bybit live order book, 4 min ago	2.41 bp	12.7 bp −$13	44.4 bp −$444	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	+1.589%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002078	+0.048%	$308K	$170K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002078	+0.055%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002077	0.000%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDTshort	+0.0100%	8h	0.002076	−0.048%	$6.0M	$6.5M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002076	−0.048%	$2.2M	$4.3M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002079	+0.096%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002078	+0.048%	$5.7M	$3.5M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002075	−0.096%	$1.8M	$6.4M	75x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002075	−0.096%	$2.1M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDTlong	+0.0100%	8h	0.002077	long leg	—	$11.4M	—
Variational Omni GALA	+0.0100%	8h	0.002079	+0.108%	$25K	$18K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002077	−0.019%	$3K	$156K	5x	as long as short
BloFin GALA-USDT	+0.0108%	8h	0.002077	0.000%	$306K	$73K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0875%	1h	0.002080	+0.153%	$658K	$155K	25x	as long as short