Funding you earn now, next payment 11:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.101%
Price spread now: Kraken Futures against Gate+0.064%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1201.204% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.064%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GALA_USDT | 0.002057 | 0.0100 | pay 0.0100% / 8h | 5h 48m | $1.7M | $1.4M | 75x |
| Short | Kraken Futures PF_GALAUSD | 0.002058 | 0.0406 | get 0.0051% / 1h | 48m 01s | $669K | $217K | 25x |
Gate GALA_USDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $64.26
- Price spread: +0.064% → +0.023%
- $4.18
- Slippage, 4 orders
- −$95.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$51.99
- Costs to cover
- 1.204%
- Break-even
- 12.7 days
Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 63 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 Gate live order book, 3 min ago | 4.85 bp | 29.2 bp −$29 | 83.5 bp −$835 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 63 min ago | 7.23 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
GALA on 15 exchanges
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 | +2.577% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002057 | 0.000% | $301K | $135K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002057 | −0.023% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002058 | +0.049% | $5.4M | $15.6M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002057 | 0.000% | $5.9M | $5.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002058 | +0.049% | $2.1M | $3.9M | 50x | as long as short |
| Gate GALA_USDTlong | +0.0100% | 8h | 0.002057 | long leg | $1.7M | $1.4M | 75x | |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002057 | 0.000% | $6.2M | $3.0M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002055 | −0.097% | $1.7M | $4.1M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002057 | 0.000% | $2.1M | $1.3M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
MEXC GALA_USDT
KuCoin GALAUSDTM
Bitget GALAUSDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002056 | −0.049% | — | $13.8M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002056 | −0.050% | $25K | $14K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002057 | +0.015% | $3K | $189K | 5x | as long as short |
| BloFin GALA-USDT | +0.0106% | 8h | 0.002057 | 0.000% | $301K | $60K | 20x | as long as short |
| Kraken Futures PF_GALAUSDshort | +0.0406% | 1h | 0.002058 | +0.064% | $669K | $217K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT