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 0.000%

Price spread now: Gate against MEXC+0.049%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$740.741% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.049%, 7d avg +0.013%

Together, before fees−0.042%−$4 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: Gate is 0.035% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GALA_USDT	0.002050	0.0100	pay 0.0100% / 8h	5h 06m	$6.3M	$3.0M	125x
Short	Gate GALA_USDT	0.002051	0.0100	get 0.0100% / 8h	5h 06m	$1.7M	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.013%: $3.53
Slippage, 4 orders: −$59.06
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$70.53
Costs to cover: 0.741%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: 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 MEXC live order book, 4 min ago	2.44 bp	6.9 bp −$7	13.1 bp −$131	91.0 bp −$9,105	179.9 bp −$90.0K
Sell Gate live order book, 4 min ago	4.88 bp	27.6 bp −$28	83.5 bp −$835	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	+2.927%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0084%	8h	0.002052	+0.098%	$297K	$55K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002052	+0.098%	$300K	$130K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002051	+0.034%	$16K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002051	+0.038%	$5.3M	$15.4M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002051	+0.049%	$5.9M	$5.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002050	0.000%	$2.1M	$3.9M	50x	as long as short
Gate GALA_USDTshort	+0.0100%	8h	0.002051	+0.049%	$1.7M	$1.5M	75x
MEXC GALA_USDTlong	+0.0100%	8h	0.002050	long leg	$6.3M	$3.0M	125x
KuCoin GALAUSDTM	+0.0100%	8h	0.002049	−0.049%	$1.7M	$3.9M	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002049	−0.049%	$2.1M	$1.3M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002050	0.000%	—	$13.8M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002047	−0.146%	$25K	$13K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002050	+0.018%	$959	$192K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0407%	1h	0.002052	+0.087%	$669K	$225K	25x	as long as short