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Funding arb · Price arb /

GALA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against KuCoin+0.241%80s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as 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−$1391.389% of the position
Long on KuCoinShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.241%, 7d avg +0.040%
Together, before fees−0.119%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.202% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GALAUSDTM0.0020710.0100pay 0.0100% / 8h45m 56s$1.7M$4.7M75x
ShortBloFin GALA-USDT0.0020760.0113get 0.0113% / 8h45m 56s$303K$65K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$2.75
Price spread: +0.241% → +0.040%
$20.16
Slippage, 4 orders
−$114.9
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$115.99
Costs to cover
1.389%
Break-even
302.6 days
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago2.41 bp67.1 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 16 min ago2.42 bp8.4 bp −$827.2 bp −$272149.8 bp −$15.0Kdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERP+0.0033%1h0.002110+1.883%$2K$7K5.5xas long as short
Kraken Futures PF_GALAUSD+0.0092%1h0.002072+0.043%$666K$236K25xas long as short
Hyperliquid GALA+0.0100%1h0.002072+0.048%$303K$145K3xas long as short
Aster GALAUSDT+0.0100%8h0.002072+0.054%$16K$8K5xas long as short
Binance GALAUSDT+0.0100%8h0.002070−0.048%$5.4M$17.2M75xas long as short
Bybit GALAUSDT+0.0100%8h0.0020710.000%$6.0M$6.0M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002070−0.048%$2.2M$4.1M50xas long as short
Gate GALA_USDT+0.0100%8h0.002072+0.048%$1.8M$1.5M75xas long as short
MEXC GALA_USDT+0.0100%8h0.0020710.000%$5.6M$3.3M125xas long as short
KuCoin GALAUSDTMlong+0.0100%8h0.002071long leg$1.7M$4.7M75x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002072+0.048%$2.1M$1.3M75xas long as short
BingX GALA-USDT+0.0100%8h0.002072+0.048%—$13.7M—as long as short
Variational Omni GALA+0.0100%8h0.002062−0.454%$25K$14K—as long as short
Extended GALA-USD+0.0104%1h0.002070−0.046%$4K$141K5xas long as short
BloFin GALA-USDTshort+0.0113%8h0.002076+0.241%$303K$65K20x