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Funding arb · Price arb /

GALA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bybit against Extended−0.054%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$870.875% of the position
Long on ExtendedShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.028%−$3 on $10k
Price spread, last 4 days (all we have)+0.215%+$22 · spread now −0.054%, 7d avg +0.041%
Together, before fees+0.187%+ Points / potential airdropExtended: Active · farm board+$19 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: Bybit is 0.095% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended GALA-USD0.0020960.0104pay 0.0013% / 1h21m 34s$2K$142K5x
ShortBybit GALAUSDT0.0020950.0100get 0.0100% / 8h4h 21m$6.1M$6.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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

Funding earned
−$0.84
Price spread: −0.054% → +0.041%
−$9.52
Slippage, 4 orders
−$71.47
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$97.83
Costs to cover
0.875%
Break-even
never at this rate
Slippage from Extended: live order book, 34 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 34 min ago9.58 bp28.8 bp −$29172.4 bp −$1,724doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago2.38 bp13.9 bp −$1438.5 bp −$385doesn't fitdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GALAUSD−0.0284%1h0.002099+0.150%$663K$179K25xas long as short
KuCoin GALAUSDTM−0.0054%8h0.002096−0.007%$1.8M$5.4M75xas long as short
Injective GALA/USDC PERP+0.0033%1h0.002110+0.661%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0082%8h0.002100+0.184%$308K$69K20xas long as short
Hyperliquid GALA+0.0100%1h0.002097+0.041%$308K$159K3xas long as short
Aster GALAUSDT+0.0100%8h0.002098+0.069%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002095−0.040%$5.5M$17.3M75xas long as short
Bybit GALAUSDTshort+0.0100%8h0.002095−0.054%$6.1M$6.3M75x
OKX GALA-USDT-SWAP+0.0100%8h0.002095−0.054%$2.2M$4.1M50xas long as short
Gate GALA_USDT+0.0100%8h0.002098+0.089%$1.8M$1.3M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GALA_USDT+0.0100%8h0.002095−0.054%$5.9M$3.4M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002097+0.041%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002097+0.041%—$11.2M—as long as short
Variational Omni GALA+0.0100%8h0.002095−0.049%$25K$21K—as long as short
Extended GALA-USDlong+0.0104%1h0.002096long leg$2K$142K5x