Funding you earn now, next payment 06:00 UTC−0.0518%/8h= −56.8% APRpaid last 24h −0.140%
Price spread now: Binance against Kraken Futures+0.064%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$960.958% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.064%, 7d avg −0.061%
=The price spread pays, funding is against you. Binance is 0.125% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.061%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_GALAUSD | 0.002073 | 0.0618 | pay 0.0077% / 1h | 5m 04s | $664K | $221K | 25x |
| Short | Binance GALAUSDT | 0.002074 | 0.0100 | get 0.0100% / 8h | 2h 05m | $5.4M | $17.5M | 75x |
Kraken Futures PF_GALAUSD
Binance GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$108.87
- Price spread: +0.064% → −0.061%
- $12.48
- Slippage, 4 orders
- −$75.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$192.22
- Costs to cover
- 0.958%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 43 min ago; Binance: live order book, 6 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 Kraken Futures live order book, 43 min ago | 9.64 bp | 35.8 bp −$36 | 113.5 bp −$1,135 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.41 bp | 14.0 bp −$14 | 51.8 bp −$518 | 392.9 bp −$39.3K | 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 | +1.801% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0080% | 8h | 0.002081 | +0.402% | $300K | $66K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002074 | +0.064% | $303K | $158K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002075 | +0.120% | $17K | $8K | 5x | as long as short |
| Binance GALAUSDTshort | +0.0100% | 8h | 0.002074 | +0.064% | $5.4M | $17.5M | 75x | |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002074 | +0.064% | $6.0M | $6.1M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002073 | +0.016% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002077 | +0.209% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002074 | +0.064% | $5.3M | $3.4M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002073 | +0.016% | $1.7M | $4.9M | 75x | as long as short |
Injective GALA/USDC PERP
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002074 | +0.064% | $2.1M | $1.3M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002076 | +0.161% | — | $10.9M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002078 | +0.264% | $25K | $15K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002073 | +0.036% | $1K | $86K | 5x | as long as short |
| Kraken Futures PF_GALAUSDlong | +0.0618% | 1h | 0.002073 | long leg | $664K | $221K | 25x |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD