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: OKX against Bitget0.000%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now 0.000%, 7d avg +0.057%

Together, before fees+0.026%+$3 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: OKX is 0.057% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GALAUSDT	0.002067	0.0100	pay 0.0100% / 8h	2h 05m	$2.1M	$1.2M	75x
Short	OKX GALA-USDT-SWAP	0.002067	0.0100	get 0.0100% / 8h	2h 05m	$2.2M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.057%: −$5.7
Slippage, 4 orders: −$57.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.17
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: 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	4.83 bp	19.6 bp −$20	113.6 bp −$1,136	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.82 bp	20.2 bp −$20	56.2 bp −$562	doesn't fit	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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+2.080%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0085%	8h	0.002069	+0.097%	$309K	$76K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002068	+0.048%	$307K	$172K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002070	+0.145%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002068	+0.048%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002067	0.000%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAPshort	+0.0100%	8h	0.002067	0.000%	$2.2M	$4.3M	50x
Gate GALA_USDT	+0.0100%	8h	0.002070	+0.145%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002068	+0.048%	$5.5M	$3.7M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002064	−0.145%	$1.7M	$6.5M	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	0.002067	long leg	$2.1M	$1.2M	75x
BingX GALA-USDT	+0.0100%	8h	0.002069	+0.097%	—	$11.4M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002068	+0.068%	$25K	$17K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002068	+0.063%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0698%	1h	0.002071	+0.202%	$652K	$153K	25x	as long as short