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Funding arb · Price arb /

GALA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended+0.071%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$940.944% of the position
Long on ExtendedShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.071%, 7d avg +0.042%
Together, before fees−0.027%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.029% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended GALA-USD0.0020930.0104pay 0.0013% / 1h44m 25s$5K$147K5x
ShortBybit GALAUSDT0.0020940.0100get 0.0100% / 8h6h 44m$6.1M$6.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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

Funding earned
−$0.84
Price spread: +0.071% → +0.042%
$2.89
Slippage, 4 orders
−$78.36
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$92.31
Costs to cover
0.944%
Break-even
never at this rate
Slippage from Extended: live order book, 21 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 21 min ago9.54 bp28.6 bp −$29149.1 bp −$1,491doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.39 bp20.3 bp −$2054.2 bp −$542doesn't fitdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GALAUSD−0.0224%1h0.002096+0.155%$667K$169K25xas long as short
KuCoin GALAUSDTM−0.0018%8h0.002092−0.025%$1.8M$5.9M75xas long as short
Injective GALA/USDC PERP+0.0033%1h0.002110+0.835%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0090%8h0.002088−0.216%$312K$63K20xas long as short
Hyperliquid GALA+0.0100%1h0.002094+0.071%$305K$162K3xas long as short
Aster GALAUSDT+0.0100%8h0.002094+0.061%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002095+0.118%$5.5M$17.7M75xas long as short
Bybit GALAUSDTshort+0.0100%8h0.002094+0.071%$6.1M$6.5M75x
OKX GALA-USDT-SWAP+0.0100%8h0.002094+0.071%$2.2M$4.3M50xas long as short
Gate GALA_USDT+0.0100%8h0.002093+0.023%$1.8M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GALA_USDT+0.0100%8h0.002093+0.023%$6.0M$3.5M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002094+0.071%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002093+0.023%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002092−0.016%$25K$21K—as long as short
Extended GALA-USDlong+0.0104%1h0.002093long leg$5K$147K5x