Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.095%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.065%+$7 · spread now −0.095%, 7d avg −0.015%

Together, before fees+0.055%+$5 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: Bybit is 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GALA_USDT	0.002103	0.0100	pay 0.0100% / 8h	45m 42s	$5.8M	$3.4M	125x
Short	Bybit GALAUSDT	0.002101	0.0100	get 0.0100% / 8h	45m 42s	$6.1M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.015%: −$7.96
Slippage, 4 orders: −$39.35
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.31
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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 MEXC live order book, 2 min ago	2.38 bp	2.4 bp −$2	14.2 bp −$142	92.0 bp −$9,205	179.3 bp −$89.6K
Sell Bybit live order book, 2 min ago	4.76 bp	20.6 bp −$21	55.3 bp −$553	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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+0.333%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0087%	8h	0.002102	−0.048%	$308K	$71K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002103	0.000%	$312K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002104	+0.039%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002103	−0.020%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDTshort	+0.0100%	8h	0.002101	−0.095%	$6.1M	$6.5M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002101	−0.095%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002104	+0.048%	$1.8M	$1.2M	75x	as long as short
MEXC GALA_USDTlong	+0.0100%	8h	0.002103	long leg	$5.8M	$3.4M	125x
KuCoin GALAUSDTM	+0.0100%	8h	0.002100	−0.143%	$1.8M	$6.3M	75x	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	0.002102	−0.048%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002102	−0.048%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002104	+0.059%	$26K	$19K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002102	−0.040%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0580%	1h	0.002104	+0.059%	$667K	$157K	25x	as long as short