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

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget+0.339%55s7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$800.796% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.339%, 7d avg +0.079%
Together, before fees−0.084%−$8 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 0.260% dearer against Bitget than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.079%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GALAUSDT0.0020670.0100pay 0.0100% / 8h2h 06m$2.1M$1.2M75x
ShortBloFin GALA-USDT0.0020740.0102get 0.0102% / 8h2h 06m$310K$76K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$0.44
Price spread: +0.339% → +0.079%
$25.95
Slippage, 4 orders
−$55.65
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$53.25
Costs to cover
0.796%
Break-even
847.6 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 11 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 Bitget live order book, 1 min ago4.83 bp19.6 bp −$20113.6 bp −$1,136doesn't fitdoesn't fit
Sell BloFin live order book, 11 min ago9.59 bp19.8 bp −$2027.0 bp −$270110.5 bp −$11.0Kdoesn'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+2.080%$2K$7K5.5xas long as short
Hyperliquid GALA+0.0100%1h0.002071+0.194%$307K$172K3xas long as short
Aster GALAUSDT+0.0100%8h0.002071+0.215%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002070+0.121%$5.4M$17.7M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002068+0.048%$6.0M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002068+0.048%$2.2M$4.3M50xas long as short
Gate GALA_USDT+0.0100%8h0.002070+0.145%$1.7M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002070+0.145%$5.5M$3.7M125xas long as short
KuCoin GALAUSDTM+0.0100%8h0.0020670.000%$1.8M$6.5M75xas long as short
Bitget GALAUSDTlong+0.0100%8h0.002067long leg$2.1M$1.2M75x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDT+0.0100%8h0.002070+0.145%$11.4Mas long as short
Variational Omni GALA+0.0100%8h0.002078+0.554%$25K$17Kas long as short
BloFin GALA-USDTshort+0.0102%8h0.002074+0.339%$310K$76K20x
Extended GALA-USD+0.0104%1h0.002070+0.132%$3K$156K5xas long as short
Kraken Futures PF_GALAUSD+0.0697%1h0.002074+0.327%$653K$153K25xas long as short