Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: OKX against KuCoin0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1341.336% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days−0.079%−$8 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GALAUSDTM	0.002071	0.0100	pay 0.0100% / 8h	6h 15m	$1.7M	$4.2M	75x
Short	OKX GALA-USDT-SWAP	0.002071	0.0100	get 0.0100% / 8h	6h 15m	$2.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.031%: −$3.06
Slippage, 4 orders: −$111.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$136.65
Costs to cover: 1.336%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; OKX: live order book, just now.

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	2.41 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, just now	2.41 bp	24.2 bp −$24	80.7 bp −$807	doesn't fit	doesn't fit

GALA on 15 exchanges

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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.883%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002072	+0.048%	$303K	$136K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002073	+0.089%	$16K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002072	+0.056%	$5.4M	$16.1M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002072	+0.048%	$6.0M	$5.6M	75x	as long as short
OKX GALA-USDT-SWAPshort	+0.0100%	8h	0.002071	0.000%	$2.1M	$4.0M	50x
Gate GALA_USDT	+0.0100%	8h	0.002073	+0.097%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002072	+0.048%	$6.2M	$3.3M	125x	as long as short
KuCoin GALAUSDTMlong	+0.0100%	8h	0.002071	long leg	$1.7M	$4.2M	75x
Bitget GALAUSDT	+0.0100%	8h	0.002071	0.000%	$2.1M	$1.3M	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDT	+0.0100%	8h	0.002073	+0.097%	—	$13.8M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002072	+0.051%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002072	+0.026%	$3K	$191K	5x	as long as short
BloFin GALA-USDT	+0.0121%	8h	0.002073	+0.097%	$301K	$60K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0202%	1h	0.002074	+0.135%	$672K	$219K	25x	as long as short