Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h 0.000%

Price spread now: BloFin against Extended+0.022%74s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$890.892% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.239%+$24 · spread now +0.022%, 7d avg +0.040%

Together, before fees+0.225%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 74 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	Extended GALA-USD	0.002081	0.0104	pay 0.0013% / 1h	51m 43s	$2K	$157K	5x
Short	BloFin GALA-USDT	0.002081	0.0127	get 0.0127% / 8h	7h 51m	$307K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $4.8
Price spread: +0.022% → +0.040%: −$1.85
Slippage, 4 orders: −$72.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$86.24
Costs to cover: 0.892%
Break-even: 132.8 days

Slippage from Extended: live order book, 19 min ago; BloFin: live order book, 15 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 Extended live order book, 19 min ago	9.64 bp	29.1 bp −$29	152.0 bp −$1,520	doesn't fit	doesn't fit
Sell BloFin live order book, 15 min ago	4.82 bp	10.8 bp −$11	24.0 bp −$240	107.4 bp −$10.7K	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	+1.415%	$2K	$7K	5.5x	as long as short
KuCoin GALAUSDTM	+0.0067%	8h	0.002079	−0.074%	$1.7M	$6.1M	75x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002081	+0.022%	$308K	$170K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002081	+0.002%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002082	+0.070%	$5.4M	$17.9M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002081	+0.022%	$6.1M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002081	+0.022%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002082	+0.070%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002080	−0.026%	$6.0M	$3.5M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002081	+0.022%	$2.1M	$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
BingX GALA-USDT	+0.0100%	8h	0.002080	−0.026%	—	$11.1M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002085	+0.224%	$25K	$21K	—	as long as short
Extended GALA-USDlong	+0.0104%	1h	0.002081	long leg	$2K	$157K	5x
BloFin GALA-USDTshort	+0.0127%	8h	0.002081	+0.022%	$307K	$70K	20x
Kraken Futures PF_GALAUSD	+0.0367%	1h	0.002081	+0.009%	$661K	$165K	25x	as long as short