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: KuCoin against OKX+0.098%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1101.102% of the position

Long on OKX Short on KuCoin

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−0.048%−$5 · spread now +0.098%, 7d avg −0.033%

Together, before fees−0.139%−$14 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: KuCoin is 0.130% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GALA-USDT-SWAP	0.002044	0.0100	pay 0.0100% / 8h	5h 26m	$2.1M	$3.9M	50x
Short	KuCoin GALAUSDTM	0.002046	0.0100	get 0.0100% / 8h	5h 26m	$1.7M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → −0.033%: $13.04
Slippage, 4 orders: −$88.23
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.19
Costs to cover: 1.102%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: 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, 4 min ago	2.45 bp	19.5 bp −$20	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.45 bp	32.2 bp −$32	doesn't fit	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	+3.229%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002045	+0.049%	$299K	$134K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002048	+0.181%	$16K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002045	+0.049%	$5.3M	$15.5M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002045	+0.049%	$5.8M	$5.5M	75x	as long as short
OKX GALA-USDT-SWAPlong	+0.0100%	8h	0.002044	long leg	$2.1M	$3.9M	50x
Gate GALA_USDT	+0.0100%	8h	0.002047	+0.147%	$1.7M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002046	+0.098%	$6.2M	$3.0M	125x	as long as short
KuCoin GALAUSDTMshort	+0.0100%	8h	0.002046	+0.098%	$1.7M	$4.0M	75x
Bitget GALAUSDT	+0.0100%	8h	0.002045	+0.049%	$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	0.002046	+0.098%	—	$13.8M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002042	−0.097%	$25K	$13K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002045	+0.069%	$2K	$189K	5x	as long as short
BloFin GALA-USDT	+0.0124%	8h	0.002045	+0.049%	$297K	$59K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0408%	1h	0.002046	+0.103%	$668K	$222K	25x	as long as short