Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.140%
Price spread now: BingX against Kraken Futures−0.085%53s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$890.894% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.085%, 7d avg −0.059%
=Funding pays, the price is against you. BingX is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.059%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.110% in total) that is about 40 hours. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% 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 | 0.002077 | −0.0140 | get 0.0018% / 1h | 16m 23s | $665K | $232K | 25x |
| Short | BingX GALA-USDT | 0.002075 | 0.0100 | get 0.0100% / 8h | 1h 16m | — | $13.7M | — |
Kraken Futures PF_GALAUSD
BingX GALA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $50.49
- Price spread: −0.085% → −0.059%
- −$2.6
- Slippage, 4 orders
- −$69.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$41.55
- Costs to cover
- 0.894%
- Break-even
- 12.8 days
Slippage from Kraken Futures: live order book, 27 min ago; BingX: live order book, 7 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, 27 min ago | 7.26 bp | 30.1 bp −$30 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.82 bp | 19.4 bp −$19 | 45.4 bp −$454 | 261.1 bp −$26.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDlong | −0.0140% | 1h | 0.002077 | long leg | $665K | $232K | 25x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.601% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002072 | −0.229% | $303K | $145K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002073 | −0.172% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002073 | −0.194% | $5.4M | $17.3M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002073 | −0.181% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002073 | −0.181% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002076 | −0.037% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002072 | −0.229% | $5.5M | $3.3M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002074 | −0.133% | $1.7M | $4.8M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance 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 | 0.002073 | −0.181% | $2.1M | $1.3M | 75x | as long as short |
| BingX GALA-USDTshort | +0.0100% | 8h | 0.002075 | −0.085% | — | $13.7M | — | |
| Variational Omni GALA | +0.0100% | 8h | 0.002078 | +0.066% | $25K | $14K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002073 | −0.196% | $4K | $86K | 5x | as long as short |
| BloFin GALA-USDT | +0.0128% | 8h | 0.002077 | +0.012% | $299K | $65K | 20x | as long as short |
Bitget GALAUSDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT