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Funding arb · Price arb /

GALA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.130%
Price spread now: Gate against Kraken Futures−0.094%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1291.291% of the position
Long on Kraken FuturesShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.094%, 7d avg −0.025%
Together, before fees+0.159%+$16 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: Gate is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GALAUSD0.0020660.0092pay 0.0011% / 1h16m 52s$666K$239K25x
ShortGate GALA_USDT0.0020640.0100get 0.0100% / 8h16m 52s$1.8M$1.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.73
Price spread: −0.094% → −0.025%
−$6.96
Slippage, 4 orders
−$104.12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$134.35
Costs to cover
1.291%
Break-even
551.6 days
Slippage from Kraken Futures: live order book, 21 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 21 min ago12.10 bp31.6 bp −$32115.3 bp −$1,153doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago7.27 bp24.5 bp −$2485.8 bp −$858doesn't fitdoesn't fit

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 PERP+0.0033%1h0.002110+2.132%$2K$7K5.5xas long as short
Kraken Futures PF_GALAUSDlong+0.0092%1h0.002066long leg$666K$239K25x
BloFin GALA-USDT+0.0097%8h0.002063−0.143%$302K$65K20xas long as short
Hyperliquid GALA+0.0100%1h0.002065−0.046%$302K$144K3xas long as short
Aster GALAUSDT+0.0100%8h0.002065−0.067%$16K$8K5xas long as short
Binance GALAUSDT+0.0100%8h0.002065−0.046%$5.4M$17.2M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002065−0.046%$6.0M$6.0M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002064−0.094%$2.1M$4.1M50xas long as short
Gate GALA_USDTshort+0.0100%8h0.002064−0.094%$1.8M$1.6M75x
MEXC GALA_USDT+0.0100%8h0.002064−0.094%$5.5M$3.3M125xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin GALAUSDTM+0.0100%8h0.002064−0.094%$1.7M$4.6M75xas long as short
Bitget GALAUSDT+0.0100%8h0.002064−0.094%$2.1M$1.4M75xas long as short
BingX GALA-USDT+0.0100%8h0.002065−0.046%—$13.7M—as long as short
Variational Omni GALA+0.0100%8h0.002055−0.523%$25K$14K—as long as short
Extended GALA-USD+0.0104%1h0.002064−0.095%$4K$185K5xas long as short