Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.144%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.144%, 7d avg −0.017%

Together, before fees+0.050%+$5 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: OKX is 0.126% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GALA_USDT	0.002088	0.0100	pay 0.0100% / 8h	1h 04m	$1.8M	$1.2M	75x
Short	OKX GALA-USDT-SWAP	0.002085	0.0100	get 0.0100% / 8h	1h 04m	$2.2M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.017%: −$12.64
Slippage, 4 orders: −$64.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101.87
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 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	2.40 bp	28.5 bp −$29	68.5 bp −$685	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.40 bp	17.7 bp −$18	56.1 bp −$561	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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.054%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002087	−0.048%	$309K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002086	−0.072%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002087	−0.040%	$5.4M	$17.6M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002086	−0.096%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAPshort	+0.0100%	8h	0.002085	−0.144%	$2.2M	$4.4M	50x
Gate GALA_USDTlong	+0.0100%	8h	0.002088	long leg	$1.8M	$1.2M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002087	−0.048%	$5.7M	$3.5M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002084	−0.192%	$1.8M	$6.3M	75x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002086	−0.096%	$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	0.002086	−0.096%	—	$11.4M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002082	−0.277%	$25K	$18K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002087	−0.069%	$3K	$156K	5x	as long as short
BloFin GALA-USDT	+0.0126%	8h	0.002085	−0.144%	$306K	$73K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0871%	1h	0.002089	+0.059%	$661K	$155K	25x	as long as short