Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against OKX+0.477%93s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.742% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.477%, 7d avg +0.003%

Together, before fees−0.092%−$9 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: BloFin is 0.474% dearer against OKX than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GALA-USDT-SWAP	0.002095	0.0100	pay 0.0100% / 8h	5h 27m	$2.2M	$4.2M	50x
Short	BloFin GALA-USDT	0.002105	0.0100	get 0.0100% / 8h	5h 27m	$310K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.477%Rate

Funding earned: −$0.07
Price spread: +0.477% → +0.003%: $47.4
Slippage, 4 orders: −$52.24
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.9
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BloFin: 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 OKX live order book, 5 min ago	2.38 bp	18.3 bp −$18	77.6 bp −$776	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	4.75 bp	20.9 bp −$21	38.2 bp −$382	153.4 bp −$15.3K	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	−0.0686%	1h	0.002098	+0.132%	$665K	$174K	25x	as long as short
KuCoin GALAUSDTM	−0.0094%	8h	0.002096	+0.048%	$1.7M	$5.6M	75x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+0.716%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDTshort	+0.0100%	8h	0.002105	+0.477%	$310K	$71K	20x
Hyperliquid GALA	+0.0100%	1h	0.002098	+0.143%	$308K	$161K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002100	+0.258%	$17K	$11K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002097	+0.095%	$5.5M	$17.4M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002096	+0.048%	$6.1M	$6.4M	75x	as long as short
OKX GALA-USDT-SWAPlong	+0.0100%	8h	0.002095	long leg	$2.2M	$4.2M	50x
Gate GALA_USDT	+0.0100%	8h	0.002101	+0.286%	$1.8M	$1.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GALA_USDT	+0.0100%	8h	0.002097	+0.095%	$6.1M	$3.4M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002097	+0.095%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002098	+0.143%	—	$11.1M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002103	+0.361%	$26K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002097	+0.116%	$3K	$145K	5x	as long as short