Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.030%
Price spread now: Bybit against Injective−1.469%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 1.469% cheaper against Injective than usual: you would sell low and buy high (spread −1.469% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$147 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective GALA/USDC PERP | 0.002110 | 0.0033 | pay 0.0004% / 1h | 12m 01s | $2K | $7K | 5.5x |
| Short | Bybit GALAUSDT | 0.002079 | 0.0100 | get 0.0100% / 8h | 2h 12m | $6.0M | $6.5M | 75x |
Injective GALA/USDC PERP
Bybit GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −1.469% → 0.000%
- −$146.92
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$143.94
- Costs to cover
- 0.110%
- Break-even
- 79.0 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 6 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 6 min ago | 2.39 bp | 18.2 bp −$18 | 50.1 bp −$501 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | +0.0033% | 1h | 0.002110 | long leg | $2K | $7K | 5.5x | |
| Hyperliquid GALA | +0.0100% | 1h | 0.002080 | −1.422% | $308K | $174K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002081 | −1.366% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002080 | −1.422% | $5.4M | $17.7M | 75x | as long as short |
| Bybit GALAUSDTshort | +0.0100% | 8h | 0.002079 | −1.469% | $6.0M | $6.5M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002078 | −1.517% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002081 | −1.374% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002080 | −1.422% | $5.5M | $3.7M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002078 | −1.517% | $1.8M | $6.6M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002076 | −1.611% | $2.1M | $1.2M | 75x | as long as short |
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTM
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002080 | −1.422% | — | $11.4M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002086 | −1.118% | $25K | $17K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002080 | −1.431% | $3K | $156K | 5x | as long as short |
| BloFin GALA-USDT | +0.0106% | 8h | 0.002087 | −1.090% | $312K | $77K | 20x | as long as short |
| Kraken Futures PF_GALAUSD | +0.0694% | 1h | 0.002084 | −1.224% | $656K | $152K | 25x | as long as short |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT
Kraken Futures PF_GALAUSD