Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.098%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.138%+$14 · spread now −0.098%, 7d avg +0.025%

Together, before fees+0.175%+$18 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: Gate is 0.123% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GALAUSDT	0.002041	0.0100	pay 0.0100% / 8h	4h 49m	$5.8M	$5.5M	75x
Short	Gate GALA_USDT	0.002039	0.0100	get 0.0100% / 8h	4h 49m	$1.7M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee GatebpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → +0.025%: −$12.34
Slippage, 4 orders: −$75.36
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.7
Costs to cover: 1.014%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: 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 Bybit live order book, 2 min ago	2.45 bp	14.5 bp −$14	46.6 bp −$466	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.45 bp	33.4 bp −$33	98.4 bp −$984	doesn't fit	doesn't fit

GALA on 15 exchanges

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	+3.381%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0098%	8h	0.002040	−0.049%	$296K	$55K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002040	−0.049%	$298K	$130K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002041	−0.007%	$16K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002042	+0.049%	$5.3M	$15.4M	75x	as long as short
Bybit GALAUSDTlong	+0.0100%	8h	0.002041	long leg	$5.8M	$5.5M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002040	−0.049%	$2.1M	$3.8M	50x	as long as short
Gate GALA_USDTshort	+0.0100%	8h	0.002039	−0.098%	$1.7M	$1.4M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002039	−0.098%	$6.2M	$2.9M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002038	−0.147%	$1.7M	$3.8M	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002038	−0.147%	$2.1M	$1.3M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002035	−0.294%	—	$13.8M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002038	−0.149%	$25K	$11K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002037	−0.180%	$954	$187K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0208%	1h	0.002042	+0.065%	$666K	$226K	25x	as long as short