Funding you earn now, next payment 23:00 UTC+0.0773%/8h= +84.7% APRpaid last 24h +0.067%
Price spread now: Kraken Futures against BloFin+0.108%57s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as 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−$1181.175% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)−0.208%−$21 · spread now +0.108%, 7d avg +0.067%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.041% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GALA-USDT | 0.002078 | 0.0102 | pay 0.0102% / 8h | 1h 23m | $308K | $73K | 20x |
| Short | Kraken Futures PF_GALAUSD | 0.002080 | 0.0875 | get 0.0109% / 1h | 23m 50s | $658K | $155K | 25x |
BloFin GALA-USDT
Kraken Futures PF_GALAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $162.35
- Price spread: +0.108% → +0.067%
- $4.09
- Slippage, 4 orders
- −$95.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $48.91
- Costs to cover
- 1.175%
- Break-even
- 4.9 days
Slippage from BloFin: live order book, 53 min ago; Kraken Futures: live order book, 59 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, 53 min ago | 9.59 bp | 19.1 bp −$19 | 36.3 bp −$363 | 227.0 bp −$22.7K | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 14.27 bp | 28.3 bp −$28 | 63.4 bp −$634 | 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 | +1.540% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002077 | −0.048% | $308K | $170K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002080 | +0.099% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002078 | −0.010% | $5.4M | $17.7M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002076 | −0.096% | $6.0M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002075 | −0.144% | $2.2M | $4.3M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002080 | +0.096% | $1.7M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002078 | 0.000% | $5.7M | $3.5M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002076 | −0.096% | $1.8M | $6.4M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002074 | −0.192% | $2.1M | $1.2M | 75x | as long as short |
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTM
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002077 | −0.048% | — | $11.4M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002074 | −0.181% | $25K | $18K | — | as long as short |
| BloFin GALA-USDTlong | +0.0102% | 8h | 0.002078 | long leg | $308K | $73K | 20x | |
| Extended GALA-USD | +0.0104% | 1h | 0.002078 | +0.004% | $3K | $156K | 5x | as long as short |
| Kraken Futures PF_GALAUSDshort | +0.0875% | 1h | 0.002080 | +0.108% | $658K | $155K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD