Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget+0.096%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.096%, 7d avg +0.065%

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: MEXC is 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GALAUSDT	0.002079	0.0100	pay 0.0100% / 8h	1h 14m	$2.1M	$1.2M	75x
Short	MEXC GALA_USDT	0.002081	0.0100	get 0.0100% / 8h	1h 14m	$5.7M	$3.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.065%: $3.12
Slippage, 4 orders: −$27.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$36.65
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 2 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 Bitget live order book, 2 min ago	2.41 bp	16.3 bp −$16	70.9 bp −$709	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.41 bp	2.4 bp −$2	4.5 bp −$45	82.6 bp −$8,264	180.1 bp −$90.0K

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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.491%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0077%	8h	0.002077	−0.096%	$306K	$73K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002082	+0.144%	$309K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002080	+0.062%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002081	+0.090%	$5.4M	$17.6M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002080	+0.048%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002079	0.000%	$2.2M	$4.3M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002080	+0.048%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDTshort	+0.0100%	8h	0.002081	+0.096%	$5.7M	$3.5M	125x
KuCoin GALAUSDTM	+0.0100%	8h	0.002078	−0.048%	$1.8M	$6.4M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDTlong	+0.0100%	8h	0.002079	long leg	$2.1M	$1.2M	75x
BingX GALA-USDT	+0.0100%	8h	0.002079	0.000%	—	$11.4M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002076	−0.133%	$25K	$18K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002080	+0.042%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0874%	1h	0.002083	+0.183%	$659K	$155K	25x	as long as short