Funding you earn now, next payment 00:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.085%
Price spread now: Gate against Kraken Futures−0.012%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.012%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.137%, 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 0.137% in total (about 7.2% 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 | 0.002104 | 0.0580 | pay 0.0073% / 1h | 45m 33s | $667K | $157K | 25x |
| Short | Gate GALA_USDT | 0.002104 | 0.0100 | get 0.0100% / 8h | 45m 33s | $1.8M | $1.2M | 75x |
Kraken Futures PF_GALAUSD
Gate GALA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$100.87
- Price spread: −0.012% → −0.030%
- $1.85
- Slippage, 4 orders
- −$96.58
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$220.6
- Costs to cover
- 1.216%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 33 min ago; Gate: live order book, 2 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, 33 min ago | 9.62 bp | 38.1 bp −$38 | 122.9 bp −$1,229 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.76 bp | 30.9 bp −$31 | 73.9 bp −$739 | 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 | +0.273% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0087% | 8h | 0.002102 | −0.107% | $308K | $71K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002102 | −0.107% | $311K | $171K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002104 | −0.021% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002102 | −0.109% | $5.4M | $17.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002101 | −0.154% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002100 | −0.202% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDTshort | +0.0100% | 8h | 0.002104 | −0.012% | $1.8M | $1.2M | 75x | |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002101 | −0.154% | $5.8M | $3.4M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002100 | −0.202% | $1.8M | $6.3M | 75x | as long as short |
Injective GALA/USDC PERP
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
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 | 0.002101 | −0.154% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002102 | −0.107% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002104 | −0.001% | $26K | $19K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002102 | −0.099% | $3K | $156K | 5x | as long as short |
| Kraken Futures PF_GALAUSDlong | +0.0580% | 1h | 0.002104 | long leg | $667K | $157K | 25x |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD