Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.034%

Price spread now: Injective against KuCoin+0.381%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.381% dearer against KuCoin than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GALAUSDTM	0.002102	−0.0004	get 0.0004% / 8h	3h 16m	$1.8M	$5.1M	75x
Short	Injective GALA/USDC PERP	0.002110	0.0033	get 0.0004% / 1h	16m 44s	$2K	$7K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee KuCoinbpFee InjectivebpOrdersPrice spread, now +0.381%Rate

Funding earned: $7.84
Price spread: +0.381% → 0.000%: $38.06
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $33.88
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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, 1 min ago	2.38 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0164%	1h	0.002106	+0.174%	$666K	$180K	25x	as long as short
KuCoin GALAUSDTMlong	−0.0004%	8h	0.002102	long leg	$1.8M	$5.1M	75x
Injective GALA/USDC PERPshort	+0.0033%	1h	0.002110	+0.381%	$2K	$7K	5.5x
Hyperliquid GALA	+0.0100%	1h	0.002103	+0.048%	$308K	$156K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002103	+0.058%	$17K	$11K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002102	0.000%	$5.5M	$17.0M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002102	0.000%	$6.1M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002102	0.000%	$2.2M	$4.0M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002105	+0.143%	$1.8M	$1.4M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002103	+0.048%	$5.8M	$3.4M	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002103	+0.048%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002104	+0.095%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002097	−0.255%	$25K	$20K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002103	+0.035%	$440	$83K	5x	as long as short
BloFin GALA-USDT	+0.0115%	8h	0.002102	0.000%	$312K	$67K	20x	as long as short