Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.196%7-day average −0.017% · 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−$115as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.196%, 7d avg −0.017%

Together, before fees+0.122%+$12 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: OKX is 0.180% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GALA_USDT	0.002038	0.0100	pay 0.0100% / 8h	2h 27m	$1.7M	$1.5M	75x
Short	OKX GALA-USDT-SWAP	0.002034	0.0100	get 0.0100% / 8h	2h 27m	$2.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.196%Rate

Funding earned: $0
Price spread: −0.196% → −0.017%: −$17.95
Slippage, 4 orders: −$71.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$114.53
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	4.89 bp	27.7 bp −$28	93.5 bp −$935	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.45 bp	22.9 bp −$23	73.5 bp −$735	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	+3.533%	$2K	$7K	5.5x	as long as short
KuCoin GALAUSDTM	+0.0076%	8h	0.002036	−0.098%	$1.7M	$4.9M	75x	as long as short
BloFin GALA-USDT	+0.0083%	8h	0.002041	+0.147%	$301K	$65K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002037	−0.049%	$298K	$157K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002037	−0.028%	$16K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002037	−0.060%	$5.3M	$17.3M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002037	−0.049%	$5.9M	$6.1M	75x	as long as short
OKX GALA-USDT-SWAPshort	+0.0100%	8h	0.002034	−0.196%	$2.1M	$4.0M	50x
Gate GALA_USDTlong	+0.0100%	8h	0.002038	long leg	$1.7M	$1.5M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002037	−0.049%	$5.2M	$3.4M	125x	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	0.002036	−0.098%	$2.1M	$1.3M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002037	−0.049%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002041	+0.156%	$25K	$15K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002037	−0.054%	$4K	$83K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0629%	1h	0.002038	−0.004%	$653K	$212K	25x	as long as short