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Funding arb · Price arb /

GALA

all GALA markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.030%
Price spread now: Bybit against Injective−0.616%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.616% cheaper against Injective than usual: you would sell low and buy high (spread −0.616% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$62 on $10k: about 31 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective GALA/USDC PERP0.0021100.0033pay 0.0004% / 1h10m 43s$2K$7K5.5x
ShortBybit GALAUSDT0.0020970.0100get 0.0100% / 8h5h 10m$6.1M$6.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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
$14
Price spread: −0.616% → 0.000%
−$61.61
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$58.63
Costs to cover
0.110%
Break-even
36.3 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Bybit live order book, 2 min ago2.39 bp12.2 bp −$1242.2 bp −$422doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0685%1h0.002099−0.525%$664K$175K25xas long as short
KuCoin GALAUSDTM−0.0089%8h0.002096−0.664%$1.8M$5.5M75xas long as short
Injective GALA/USDC PERPlong+0.0033%1h0.002110long leg$2K$7K5.5x
BloFin GALA-USDT+0.0098%8h0.002095−0.711%$311K$70K20xas long as short
Hyperliquid GALA+0.0100%1h0.002097−0.616%$308K$161K3xas long as short
Aster GALAUSDT+0.0100%8h0.002099−0.511%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002098−0.575%$5.5M$17.4M75xas long as short
Bybit GALAUSDTshort+0.0100%8h0.002097−0.616%$6.1M$6.4M75x
OKX GALA-USDT-SWAP+0.0100%8h0.002095−0.711%$2.2M$4.2M50xas long as short
Gate GALA_USDT+0.0100%8h0.002099−0.521%$1.8M$1.3M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GALA_USDT+0.0100%8h0.002097−0.616%$6.3M$3.4M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002097−0.616%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002098−0.569%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002093−0.801%$25K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002098−0.561%$2K$147K5xas long as short