Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.001%
Price spread now: Bitget against BloFin−0.289%85s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.289%, 7d avg −0.063%
=Funding pays, the price is against you. Bitget is 0.226% cheaper against BloFin than usual: you would sell low and buy high (spread −0.289% now, against its 7-day average of −0.063%). If the spread goes back, that is −$23 on $10k: about 27 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.027% in total) that is about 59 days. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GALA-USDT | 0.002076 | 0.0072 | pay 0.0072% / 8h | 1h 55m | $301K | $66K | 20x |
| Short | Bitget GALAUSDT | 0.002070 | 0.0100 | get 0.0100% / 8h | 1h 55m | $2.1M | $1.3M | 75x |
BloFin GALA-USDT
Bitget GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.91
- Price spread: −0.289% → −0.063%
- −$22.63
- Slippage, 4 orders
- −$50.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$91.49
- Costs to cover
- 0.748%
- Break-even
- 115.4 days
Slippage from BloFin: live order book, 11 min ago; Bitget: live order book, 1 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 BloFin live order book, 11 min ago | 2.40 bp | 13.0 bp −$13 | 19.4 bp −$194 | 252.5 bp −$25.2K | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.41 bp | 21.2 bp −$21 | 93.3 bp −$933 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSD | −0.0141% | 1h | 0.002069 | −0.327% | $660K | $224K | 25x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.638% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDTlong | +0.0072% | 8h | 0.002076 | long leg | $301K | $66K | 20x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002070 | −0.289% | $303K | $158K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002070 | −0.292% | $17K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002069 | −0.337% | $5.4M | $17.5M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002069 | −0.337% | $6.0M | $6.1M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002069 | −0.337% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002072 | −0.193% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002069 | −0.337% | $5.5M | $3.3M | 125x | as long as short |
Kraken Futures PF_GALAUSD
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002069 | −0.337% | $1.7M | $4.9M | 75x | as long as short |
| Bitget GALAUSDTshort | +0.0100% | 8h | 0.002070 | −0.289% | $2.1M | $1.3M | 75x | |
| BingX GALA-USDT | +0.0100% | 8h | 0.002071 | −0.241% | — | $11.6M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002070 | −0.282% | $25K | $15K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002068 | −0.363% | $1K | $84K | 5x | as long as short |
KuCoin GALAUSDTM
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD