Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.130%

Price spread now: Kraken Futures against Gate+0.095%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1291.291% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.095%, 7d avg +0.025%

Together, before fees−0.159%−$16 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: Kraken Futures is 0.070% dearer against Gate than usual: you sell high and buy low, +$7 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	Gate GALA_USDT	0.002064	0.0100	pay 0.0100% / 8h	16m 29s	$1.8M	$1.6M	75x
Short	Kraken Futures PF_GALAUSD	0.002066	0.0092	get 0.0011% / 1h	16m 29s	$666K	$239K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$1.73
Price spread: +0.095% → +0.025%: $6.97
Slippage, 4 orders: −$104.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$123.87
Costs to cover: 1.291%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 22 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, 1 min ago	7.27 bp	28.7 bp −$29	73.8 bp −$738	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 22 min ago	12.10 bp	44.3 bp −$44	75.1 bp −$751	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	+2.229%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_GALAUSDshort	+0.0092%	1h	0.002066	+0.095%	$666K	$239K	25x
BloFin GALA-USDT	+0.0097%	8h	0.002063	−0.048%	$302K	$65K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002065	+0.048%	$302K	$144K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002065	+0.027%	$16K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002065	+0.048%	$5.4M	$17.2M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002065	+0.048%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002064	0.000%	$2.1M	$4.1M	50x	as long as short
Gate GALA_USDTlong	+0.0100%	8h	0.002064	long leg	$1.8M	$1.6M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002064	0.000%	$5.5M	$3.3M	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GALAUSDTM	+0.0100%	8h	0.002064	0.000%	$1.7M	$4.6M	75x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002064	0.000%	$2.1M	$1.4M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002065	+0.048%	—	$13.7M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002055	−0.429%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002064	+0.021%	$4K	$185K	5x	as long as short