Funding you earn now, next payment 05:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h +0.130%
Price spread now: Kraken Futures against BloFin+0.131%57s7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as 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−$1181.178% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.131%, 7d avg +0.078%
=The price spread pays, funding is against you. Kraken Futures is 0.053% dearer against BloFin than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.078%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.060% in total) that is about 6.1 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GALA-USDT | 0.002108 | 0.0086 | pay 0.0086% / 8h | 3h 43m | $309K | $68K | 20x |
| Short | Kraken Futures PF_GALAUSD | 0.002111 | −0.0164 | pay 0.0021% / 1h | 43m 30s | $667K | $180K | 25x |
BloFin GALA-USDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.58
- Price spread: +0.131% → +0.078%
- $5.26
- Slippage, 4 orders
- −$95.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$165.08
- Costs to cover
- 1.178%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 38 min ago; Kraken Futures: live order book, 10 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, 38 min ago | 7.16 bp | 17.3 bp −$17 | 28.7 bp −$287 | 204.7 bp −$20.5K | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 11.85 bp | 43.0 bp −$43 | 78.0 bp −$780 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDshort | −0.0164% | 1h | 0.002111 | +0.131% | $667K | $180K | 25x | |
| KuCoin GALAUSDTM | −0.0018% | 8h | 0.002108 | 0.000% | $1.8M | $5.2M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +0.095% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDTlong | +0.0086% | 8h | 0.002108 | long leg | $309K | $68K | 20x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002108 | 0.000% | $309K | $157K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002108 | +0.004% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002109 | +0.039% | $5.6M | $17.0M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002108 | 0.000% | $6.1M | $6.2M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002109 | +0.047% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002110 | +0.095% | $1.8M | $1.3M | 75x | as long as short |
KuCoin GALAUSDTM
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GALA_USDT | +0.0100% | 8h | 0.002108 | 0.000% | $5.9M | $3.4M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002108 | 0.000% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002108 | 0.000% | — | $11.0M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002107 | −0.041% | $26K | $20K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002108 | −0.005% | $1K | $143K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD