Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h +0.030%

Price spread now: Injective against BloFin+0.190%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.190% dearer against BloFin than usual: you sell high and buy low (spread +0.190% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GALA-USDT	0.002106	0.0079	pay 0.0079% / 8h	3h 48m	$309K	$68K	20x
Short	Injective GALA/USDC PERP	0.002110	0.0033	get 0.0004% / 1h	48m 00s	$2K	$7K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +0.190%Rate

Funding earned: −$9.53
Price spread: +0.190% → 0.000%: $18.99
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$2.56
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 34 min ago; Injective: no order-book sample. 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 BloFin live order book, 34 min ago	7.16 bp	17.3 bp −$17	28.7 bp −$287	204.7 bp −$20.5K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_GALAUSD	−0.0164%	1h	0.002107	+0.039%	$666K	$180K	25x	as long as short
KuCoin GALAUSDTM	−0.0023%	8h	0.002105	−0.047%	$1.8M	$5.2M	75x	as long as short
Injective GALA/USDC PERPshort	+0.0033%	1h	0.002110	+0.190%	$2K	$7K	5.5x
BloFin GALA-USDTlong	+0.0079%	8h	0.002106	long leg	$309K	$68K	20x
Hyperliquid GALA	+0.0100%	1h	0.002105	−0.047%	$309K	$157K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002106	−0.019%	$17K	$11K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002107	+0.033%	$5.5M	$17.0M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002105	−0.047%	$6.1M	$6.2M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002106	0.000%	$2.2M	$4.1M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002107	+0.047%	$1.8M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GALA_USDT	+0.0100%	8h	0.002106	0.000%	$5.9M	$3.4M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002107	+0.047%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002106	0.000%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002107	+0.030%	$26K	$20K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002106	+0.004%	$1K	$143K	5x	as long as short