Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: BingX against BloFin−0.290%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.290%, 7d avg +0.018%

Together, before fees+0.286%+$29 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: BingX is 0.308% cheaper against BloFin than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GALA-USDT	0.002069	0.0100	pay 0.0100% / 8h	37m 12s	$299K	$65K	20x
Short	BingX GALA-USDT	0.002063	0.0100	get 0.0100% / 8h	37m 12s	—	$13.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.290%Rate

Funding earned: −$0.06
Price spread: −0.290% → +0.018%: −$30.79
Slippage, 4 orders: −$50.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$103.07
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from BloFin: live order book, 25 min ago; BingX: 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 BloFin live order book, 25 min ago	2.42 bp	20.9 bp −$21	31.8 bp −$318	256.2 bp −$25.6K	doesn't fit
Sell BingX live order book, 1 min ago	7.27 bp	20.3 bp −$20	53.1 bp −$531	282.3 bp −$28.2K	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	+1.982%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_GALAUSD	+0.0092%	1h	0.002065	−0.209%	$664K	$236K	25x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002065	−0.193%	$302K	$144K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002063	−0.298%	$16K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002065	−0.193%	$5.4M	$17.2M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002065	−0.193%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002065	−0.193%	$2.1M	$4.1M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002065	−0.193%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002063	−0.290%	$5.5M	$3.3M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002063	−0.290%	$1.7M	$4.7M	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	0.002064	−0.242%	$2.1M	$1.3M	75x	as long as short
BingX GALA-USDTshort	+0.0100%	8h	0.002063	−0.290%	—	$13.7M	—
Variational Omni GALA	+0.0100%	8h	0.002073	+0.198%	$25K	$14K	—	as long as short
BloFin GALA-USDTlong	+0.0100%	8h	0.002069	long leg	$299K	$65K	20x
Extended GALA-USD	+0.0104%	1h	0.002064	−0.246%	$268	$185K	5x	as long as short