Funding you earn now, next payment 08:00 UTC−0.0187%/8h= −20.5% APRnext payment −$1.87 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against Bybit−0.096%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1291.287% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 7 days+0.225%+$22 · spread now −0.096%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.084% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 per $10,000. 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 | Bybit GALAUSDT | 0.002080 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $6.0M | $6.4M | 75x |
| Short | KuCoin GALAUSDTM | 0.002078 | −0.0087 | pay 0.0087% / 8h | 5h 01m | $1.7M | $5.5M | 75x |
Bybit GALAUSDT
KuCoin GALAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$39.27
- Price spread: −0.096% → −0.012%
- −$8.43
- Slippage, 4 orders
- −$105.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$176.42
- Costs to cover
- 1.287%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 2 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 Bybit live order book, 2 min ago | 2.41 bp | 14.6 bp −$15 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.41 bp | 39.1 bp −$39 | 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 | −0.0691% | 1h | 0.002081 | +0.056% | $658K | $176K | 25x | as long as short |
| KuCoin GALAUSDTMshort | −0.0087% | 8h | 0.002078 | −0.096% | $1.7M | $5.5M | 75x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.442% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0078% | 8h | 0.002078 | −0.096% | $310K | $69K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002080 | 0.000% | $306K | $160K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002081 | +0.045% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002081 | +0.045% | $5.5M | $17.4M | 75x | as long as short |
| Bybit GALAUSDTlong | +0.0100% | 8h | 0.002080 | long leg | $6.0M | $6.4M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002078 | −0.096% | $2.2M | $4.2M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002081 | +0.048% | $1.8M | $1.3M | 75x | as long as short |
Kraken Futures PF_GALAUSD
Injective GALA/USDC PERP
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance 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 | 0.002080 | 0.000% | $6.2M | $3.4M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002080 | 0.000% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002079 | −0.048% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002079 | −0.044% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002080 | +0.020% | $2K | $144K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD