Settings8H · net · $10k
Funding arb · Price arb /

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.021%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$920.918% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.021%, 7d avg −0.045%
Together, before fees−0.094%+ Points / potential airdropExtended: Active · farm board−$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: Extended is 0.065% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX GALA-USDT0.0020930.0100pay 0.0100% / 8h7h 35m$11.1M
ShortExtended GALA-USD0.0020930.0104get 0.0013% / 1h35m 49s$2K$157K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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

Funding earned
$0.84
Price spread: +0.021% → −0.045%
$6.51
Slippage, 4 orders
−$76.8
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$84.45
Costs to cover
0.918%
Break-even
710.7 days
Slippage from BingX: live order book, 2 min ago; Extended: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago4.79 bp18.3 bp −$1838.7 bp −$387391.1 bp −$39.1Kdoesn't fit
Sell Extended live order book, 35 min ago9.64 bp29.2 bp −$29134.3 bp −$1,343doesn't fitdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERP+0.0033%1h0.002110+0.812%$2K$7K5.5xas long as short
KuCoin GALAUSDTM+0.0047%8h0.002090−0.143%$1.8M$6.0M75xas long as short
Hyperliquid GALA+0.0100%1h0.002095+0.096%$310K$167K3xas long as short
Aster GALAUSDT+0.0100%8h0.002094+0.038%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002095+0.080%$5.5M$17.8M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002095+0.096%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002094+0.048%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002095+0.096%$1.7M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.0020930.000%$6.1M$3.5M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002094+0.048%$2.2M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDTlong+0.0100%8h0.002093long leg$11.1M
Variational Omni GALA+0.0100%8h0.002092−0.039%$26K$21Kas long as short
Extended GALA-USDshort+0.0104%1h0.002093+0.021%$2K$157K5x
BloFin GALA-USDT+0.0124%8h0.002087−0.287%$307K$68K20xas long as short
Kraken Futures PF_GALAUSD+0.0365%1h0.002094+0.053%$665K$164K25xas long as short