Funding you earn now, next payment 04:00 UTC+0.0385%/8h= +42.1% APRpaid last 24h −0.124%
Price spread now: BloFin against Kraken Futures−0.020%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1081.079% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.020%, 7d avg −0.079%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.059% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% 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 | 0.002083 | −0.0286 | get 0.0036% / 1h | 37m 09s | $658K | $177K | 25x |
| Short | BloFin GALA-USDT | 0.002083 | 0.0098 | get 0.0098% / 8h | 4h 37m | $308K | $69K | 20x |
Kraken Futures PF_GALAUSD
BloFin GALA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $80.76
- Price spread: −0.020% → −0.079%
- $5.89
- Slippage, 4 orders
- −$85.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.2
- Costs to cover
- 1.079%
- Break-even
- 8.8 days
Slippage from Kraken Futures: live order book, 21 min ago; BloFin: live order book, 55 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, 21 min ago | 12.03 bp | 35.6 bp −$36 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 4.75 bp | 20.9 bp −$21 | 38.2 bp −$382 | 153.4 bp −$15.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDlong | −0.0286% | 1h | 0.002083 | long leg | $658K | $177K | 25x | |
| KuCoin GALAUSDTM | −0.0069% | 8h | 0.002081 | −0.116% | $1.7M | $5.4M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.276% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDTshort | +0.0098% | 8h | 0.002083 | −0.020% | $308K | $69K | 20x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002083 | −0.020% | $306K | $161K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002084 | +0.052% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002084 | +0.031% | $5.5M | $17.4M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002082 | −0.068% | $6.0M | $6.4M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002081 | −0.116% | $2.2M | $4.2M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002083 | −0.020% | $1.8M | $1.3M | 75x | as long as short |
KuCoin GALAUSDTM
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GALA_USDT | +0.0100% | 8h | 0.002083 | −0.020% | $5.8M | $3.4M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002083 | −0.020% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002084 | +0.028% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002080 | −0.158% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002083 | −0.038% | $2K | $142K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD