Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$1.08 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against BloFin+0.048%770s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as 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−$1231.225% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.048%, 7d avg −0.051%
=The price spread pays, funding is against you. KuCoin is 0.099% dearer against BloFin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.051%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.026% in total) that is about 26 days. The two prices were read 770 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GALA-USDT | 0.002088 | 0.0090 | pay 0.0090% / 8h | 6h 36m | $312K | $63K | 20x |
| Short | KuCoin GALAUSDTM | 0.002089 | −0.0018 | pay 0.0018% / 8h | 6h 36m | $1.8M | $5.9M | 75x |
BloFin GALA-USDT
KuCoin GALAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$22.66
- Price spread: +0.048% → −0.051%
- $9.93
- Slippage, 4 orders
- −$98.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$135.26
- Costs to cover
- 1.225%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; KuCoin: live order book, 6 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 | 2.40 bp | 17.8 bp −$18 | 33.9 bp −$339 | 251.8 bp −$25.2K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 2.40 bp | 51.9 bp −$52 | doesn't fit | 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_GALAUSD | −0.0225% | 1h | 0.002084 | −0.193% | $664K | $169K | 25x | as long as short |
| KuCoin GALAUSDTMshort | −0.0018% | 8h | 0.002089 | +0.048% | $1.8M | $5.9M | 75x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.054% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDTlong | +0.0090% | 8h | 0.002088 | long leg | $312K | $63K | 20x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002093 | +0.239% | $305K | $162K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002088 | +0.002% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002090 | +0.112% | $5.5M | $17.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002089 | +0.048% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002090 | +0.096% | $2.2M | $4.3M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002088 | 0.000% | $1.7M | $1.2M | 75x | as long as short |
Kraken Futures PF_GALAUSD
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 | 0.002091 | +0.144% | $6.0M | $3.5M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002091 | +0.144% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002088 | 0.000% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002081 | −0.327% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002087 | −0.025% | $2K | $145K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD