Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.8% APRpaid last 24h −0.134%

Price spread now: KuCoin against Kraken Futures−0.150%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1711.705% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.150%, 7d avg −0.119%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.119%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.034% in total) that is about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GALAUSD	0.002080	−0.0166	get 0.0021% / 1h	3m 19s	$661K	$187K	25x
Short	KuCoin GALAUSDTM	0.002077	0.0014	get 0.0014% / 8h	3h 03m	$1.8M	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.150%Rate

Funding earned: $37.9
Price spread: −0.150% → −0.119%: −$3.02
Slippage, 4 orders: −$148.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$135.65
Costs to cover: 1.705%
Break-even: 32.1 days

Slippage from Kraken Futures: live order book, 50 min ago; KuCoin: live order book, 9 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, 50 min ago	11.85 bp	39.6 bp −$40	116.3 bp −$1,163	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	4.80 bp	32.9 bp −$33	doesn't fit	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
Kraken Futures PF_GALAUSDlong	−0.0166%	1h	0.002080	long leg	$661K	$187K	25x
KuCoin GALAUSDTMshort	+0.0014%	8h	0.002077	−0.150%	$1.8M	$5.1M	75x
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.437%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0088%	8h	0.002081	+0.043%	$309K	$67K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002080	−0.005%	$306K	$154K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002079	−0.068%	$17K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002078	−0.101%	$5.5M	$16.9M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002077	−0.150%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002077	−0.150%	$2.2M	$4.0M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002080	−0.005%	$1.8M	$1.4M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GALA_USDT	+0.0100%	8h	0.002079	−0.053%	$5.7M	$3.4M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002078	−0.101%	$2.1M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002076	−0.198%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002083	+0.121%	$25K	$20K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002077	−0.129%	$436	$83K	5x	as long as short