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: Bybit against Gate0.000%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on Gate Short on Bybit

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−0.040%−$4 · spread now 0.000%, 7d avg −0.026%

Together, before fees−0.077%−$8 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 0.026% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GALA_USDT	0.002097	0.0100	pay 0.0100% / 8h	7h 03m	$1.8M	$1.6M	75x
Short	Bybit GALAUSDT	0.002097	0.0100	get 0.0100% / 8h	7h 03m	$6.1M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.026%: $2.58
Slippage, 4 orders: −$57.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$81.31
Costs to cover: 0.839%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 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 Gate live order book, 4 min ago	2.39 bp	24.8 bp −$25	80.9 bp −$809	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.39 bp	12.5 bp −$13	44.1 bp −$441	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	+0.620%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0087%	8h	0.002091	−0.286%	$299K	$64K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002097	0.000%	$306K	$139K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002097	−0.023%	$17K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002097	+0.002%	$5.5M	$16.7M	75x	as long as short
Bybit GALAUSDTshort	+0.0100%	8h	0.002097	0.000%	$6.1M	$5.9M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002098	+0.048%	$2.2M	$4.1M	50x	as long as short
Gate GALA_USDTlong	+0.0100%	8h	0.002097	long leg	$1.8M	$1.6M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002097	0.000%	$5.9M	$3.4M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002095	−0.095%	$1.8M	$4.4M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002098	+0.048%	$2.2M	$1.4M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002097	0.000%	—	$13.7M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002093	−0.183%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002096	−0.026%	$658	$187K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0553%	1h	0.002099	+0.095%	$679K	$229K	25x	as long as short