Funding you earn now, next payment 23:00 UTC−0.0772%/8h= −84.5% APRpaid last 24h −0.066%
Price spread now: Bybit against Kraken Futures−0.064%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1041.043% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.064%, 7d avg −0.068%
=The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_GALAUSD | 0.002088 | 0.0872 | pay 0.0109% / 1h | 3m 31s | $661K | $155K | 25x |
| Short | Bybit GALAUSDT | 0.002087 | 0.0100 | get 0.0100% / 8h | 1h 03m | $6.0M | $6.5M | 75x |
Kraken Futures PF_GALAUSD
Bybit GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Kraken Futures. 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
- −$162.07
- Price spread: −0.064% → −0.068%
- $0.36
- Slippage, 4 orders
- −$83.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$266.03
- Costs to cover
- 1.043%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 15 min ago; Bybit: live order book, 9 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 Kraken Futures live order book, 15 min ago | 9.62 bp | 38.1 bp −$38 | 122.9 bp −$1,229 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 2.40 bp | 19.2 bp −$19 | 52.6 bp −$526 | 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 | +1.037% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002087 | −0.064% | $309K | $171K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002089 | +0.013% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002087 | −0.057% | $5.4M | $17.6M | 75x | as long as short |
| Bybit GALAUSDTshort | +0.0100% | 8h | 0.002087 | −0.064% | $6.0M | $6.5M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002086 | −0.112% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002089 | +0.032% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002088 | −0.016% | $5.7M | $3.5M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002086 | −0.112% | $1.8M | $6.3M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002087 | −0.064% | $2.1M | $1.3M | 75x | as long as short |
Injective GALA/USDC PERP
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 | 0.002089 | +0.032% | — | $11.4M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002082 | −0.293% | $25K | $18K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002088 | −0.025% | $3K | $156K | 5x | as long as short |
| BloFin GALA-USDT | +0.0126% | 8h | 0.002085 | −0.160% | $306K | $73K | 20x | as long as short |
| Kraken Futures PF_GALAUSDlong | +0.0872% | 1h | 0.002088 | long leg | $661K | $155K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT