Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.030%
Price spread now: MEXC against Injective−2.322%85s7-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. MEXC is 2.322% cheaper against Injective than usual: you would sell low and buy high (spread −2.322% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$232 on $10k: about 4 months of funding at the current rate (+$2 a day). The two prices were read 85 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 | 45m 51s | $2K | $7K | 5.5x |
| Short | MEXC GALA_USDT | 0.002061 | 0.0100 | get 0.0100% / 8h | 1h 45m | $5.5M | $3.3M | 125x |
Injective GALA/USDC PERP
MEXC GALA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −2.322% → 0.000%
- −$232.23
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$218.25
- Costs to cover
- 0.000%
- Break-even
- 116.1 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 2.42 bp | 9.3 bp −$9 | 18.7 bp −$187 | 100.4 bp −$10.0K | 179.5 bp −$89.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSD | −0.0141% | 1h | 0.002064 | −2.203% | $660K | $226K | 25x | as long as short |
| Injective GALA/USDC PERPlong | +0.0033% | 1h | 0.002110 | long leg | $2K | $7K | 5.5x | |
| BloFin GALA-USDT | +0.0077% | 8h | 0.002073 | −1.754% | $302K | $66K | 20x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002062 | −2.275% | $301K | $157K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002062 | −2.260% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002062 | −2.275% | $5.4M | $17.3M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002061 | −2.322% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002060 | −2.370% | $2.1M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002065 | −2.133% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDTshort | +0.0100% | 8h | 0.002061 | −2.322% | $5.5M | $3.3M | 125x |
Kraken Futures PF_GALAUSD
BloFin GALA-USDT
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002062 | −2.275% | $1.7M | $4.8M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002061 | −2.322% | $2.1M | $1.3M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002064 | −2.180% | — | $11.6M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002068 | −1.983% | $25K | $15K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002062 | −2.265% | $1K | $84K | 5x | as long as short |
KuCoin GALAUSDTM
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD