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Funding arb · Price arb /

GALA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0547%/8h= +59.9% APRnext payment +$0.68 per $10,000 · paid last 24h +0.054%
Price spread now: Kraken Futures against Injective−0.326%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Kraken Futures
What this pair did over the last
the charts below follow
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. Kraken Futures is 0.326% cheaper against Injective than usual: you would sell low and buy high (spread −0.326% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 48 hours of funding at the current rate (+$16 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective GALA/USDC PERP0.0021100.0033pay 0.0004% / 1h44m 54s$2K$7K5.5x
ShortKraken Futures PF_GALAUSD0.0021030.0581get 0.0073% / 1h44m 54s$667K$157K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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

Funding earned
$114.94
Price spread: −0.326% → 0.000%
−$32.59
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$72.33
Costs to cover
0.100%
Break-even
2.6 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Kraken Futures live order book, 33 min ago9.62 bp28.7 bp −$2967.7 bp −$677doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERPlong+0.0033%1h0.002110long leg$2K$7K5.5x
Hyperliquid GALA+0.0100%1h0.002100−0.474%$311K$171K3xas long as short
Aster GALAUSDT+0.0100%8h0.002103−0.313%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002101−0.427%$5.4M$17.7M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002100−0.474%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002100−0.474%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002102−0.379%$1.8M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002100−0.474%$5.8M$3.4M125xas long as short
KuCoin GALAUSDTM+0.0100%8h0.002098−0.569%$1.8M$6.3M75xas long as short
Bitget GALAUSDT+0.0100%8h0.002101−0.427%$2.2M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDT+0.0100%8h0.002101−0.427%—$11.2M—as long as short
Variational Omni GALA+0.0100%8h0.002101−0.415%$26K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002101−0.446%$3K$156K5xas long as short
BloFin GALA-USDT+0.0118%8h0.002104−0.284%$308K$71K20xas long as short
Kraken Futures PF_GALAUSDshort+0.0581%1h0.002103−0.326%$667K$157K25x