Funding you earn now, next payment 07:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h −0.140%
Price spread now: MEXC against Kraken Futures−0.162%51s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$660.660% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.162%, 7d avg −0.074%
=Funding pays, the price is against you. MEXC is 0.088% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of −0.074%). If the spread goes back, that is −$9 on $10k: about 29 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.053% in total) that is about 12 days. The two prices were read 51 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 0.053% in total (about 2.8% 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 | 0.002064 | −0.0141 | get 0.0018% / 1h | 38m 28s | $660K | $228K | 25x |
| Short | MEXC GALA_USDT | 0.002061 | 0.0100 | get 0.0100% / 8h | 1h 38m | $5.5M | $3.3M | 125x |
Kraken Futures PF_GALAUSD
MEXC GALA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $50.67
- Price spread: −0.162% → −0.074%
- −$8.77
- Slippage, 4 orders
- −$56.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$24.13
- Costs to cover
- 0.660%
- Break-even
- 10.3 days
Slippage from Kraken Futures: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago | 7.26 bp | 30.1 bp −$30 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.42 bp | 5.4 bp −$5 | 19.5 bp −$195 | 103.1 bp −$10.3K | 188.9 bp −$94.5K |
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 | −0.0141% | 1h | 0.002064 | long leg | $660K | $228K | 25x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +2.211% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002060 | −0.211% | $301K | $147K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002061 | −0.185% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002061 | −0.162% | $5.4M | $17.3M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002060 | −0.211% | $5.9M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002059 | −0.259% | $2.1M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002063 | −0.065% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDTshort | +0.0100% | 8h | 0.002061 | −0.162% | $5.5M | $3.3M | 125x | |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002061 | −0.162% | $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
KuCoin GALAUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002060 | −0.211% | $2.1M | $1.3M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002062 | −0.114% | — | $11.6M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002064 | −0.010% | $25K | $15K | — | as long as short |
| BloFin GALA-USDT | +0.0103% | 8h | 0.002064 | −0.017% | $301K | $66K | 20x | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002060 | −0.223% | $1K | $84K | 5x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
BloFin GALA-USDT
Extended GALA-USD