Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX+0.048%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.048%, 7d avg +0.004%

Together, before fees−0.091%−$9 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: OKX is 0.045% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GALA-USDT	0.002075	0.0100	pay 0.0100% / 8h	7h 41m	—	$13.7M	—
Short	OKX GALA-USDT-SWAP	0.002076	0.0100	get 0.0100% / 8h	7h 41m	$2.2M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.004%: $4.46
Slippage, 4 orders: −$54.15
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.69
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; OKX: live order book, 1 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, 12 min ago	4.82 bp	17.1 bp −$17	37.5 bp −$375	433.8 bp −$43.4K	doesn't fit
Sell OKX live order book, 1 min ago	2.41 bp	17.7 bp −$18	73.1 bp −$731	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
BloFin GALA-USDT	+0.0094%	8h	0.002075	0.000%	$300K	$65K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002074	−0.048%	$303K	$144K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002073	−0.097%	$16K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002075	+0.005%	$5.4M	$17.1M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002075	0.000%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAPshort	+0.0100%	8h	0.002076	+0.048%	$2.2M	$4.1M	50x
Gate GALA_USDT	+0.0100%	8h	0.002075	0.000%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002073	−0.096%	$5.5M	$3.2M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002071	−0.193%	$1.7M	$4.5M	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	0.002075	0.000%	$2.1M	$1.4M	75x	as long as short
BingX GALA-USDTlong	+0.0100%	8h	0.002075	long leg	—	$13.7M	—
Variational Omni GALA	+0.0100%	8h	0.002078	+0.152%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002073	−0.076%	$2K	$188K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0560%	1h	0.002074	−0.044%	$669K	$239K	25x	as long as short