Funding you earn now, next payment 08:00 UTC+0.0191%/8h= +20.9% APRnext payment +$1.91 per $10,000 · paid last 24h +0.004%
Price spread now: Bybit against KuCoin+0.048%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1061.055% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.177%−$18 · spread now +0.048%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.036% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 per $10,000. 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 | KuCoin GALAUSDTM | 0.002079 | −0.0091 | get 0.0091% / 8h | 5h 04m | $1.7M | $5.5M | 75x |
| Short | Bybit GALAUSDT | 0.002080 | 0.0100 | get 0.0100% / 8h | 5h 04m | $6.0M | $6.4M | 75x |
KuCoin GALAUSDTM
Bybit GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $40.11
- Price spread: +0.048% → +0.012%
- $3.63
- Slippage, 4 orders
- −$82.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61.8
- Costs to cover
- 1.055%
- Break-even
- 17.8 days
Slippage from KuCoin: live order book, 4 min ago; Bybit: 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 KuCoin live order book, 4 min ago | 4.80 bp | 37.6 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.40 bp | 15.5 bp −$15 | 38.1 bp −$381 | 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_GALAUSD | −0.0691% | 1h | 0.002082 | +0.154% | $658K | $176K | 25x | as long as short |
| KuCoin GALAUSDTMlong | −0.0091% | 8h | 0.002079 | long leg | $1.7M | $5.5M | 75x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.491% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002080 | +0.048% | $306K | $160K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002083 | +0.215% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002081 | +0.096% | $5.5M | $17.4M | 75x | as long as short |
| Bybit GALAUSDTshort | +0.0100% | 8h | 0.002080 | +0.048% | $6.0M | $6.4M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002079 | 0.000% | $2.2M | $4.2M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002083 | +0.192% | $1.8M | $1.3M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002081 | +0.096% | $6.3M | $3.4M | 125x | as long as short |
Kraken Futures PF_GALAUSD
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002082 | +0.144% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002082 | +0.144% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002079 | +0.005% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002079 | +0.024% | $2K | $144K | 5x | as long as short |
| BloFin GALA-USDT | +0.0119% | 8h | 0.002081 | +0.096% | $309K | $69K | 20x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT