Funding you earn now, next payment 01:00 UTC−0.0334%/8h= −36.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.070%
Price spread now: Injective against Kraken Futures+1.401%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 1.401% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.401% now, against zero (this spread has no 7-day history yet)): +$140 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_GALAUSD | 0.002081 | 0.0367 | pay 0.0046% / 1h | 50m 58s | $661K | $165K | 25x |
| Short | Injective GALA/USDC PERP | 0.002110 | 0.0033 | get 0.0004% / 1h | 50m 58s | $2K | $7K | 5.5x |
Kraken Futures PF_GALAUSD
Injective GALA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$70.11
- Price spread: +1.401% → 0.000%
- $140.13
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $60.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 22 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 22 min ago | 7.19 bp | 41.6 bp −$42 | 90.3 bp −$903 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 PERPshort | +0.0033% | 1h | 0.002110 | +1.401% | $2K | $7K | 5.5x | |
| KuCoin GALAUSDTM | +0.0060% | 8h | 0.002079 | −0.088% | $1.8M | $6.1M | 75x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002080 | −0.040% | $308K | $170K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002080 | −0.038% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002079 | −0.082% | $5.4M | $17.9M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002080 | −0.040% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002079 | −0.088% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002081 | +0.008% | $1.7M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002080 | −0.040% | $6.0M | $3.5M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002079 | −0.088% | $2.1M | $1.3M | 75x | as long as short |
KuCoin GALAUSDTM
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
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 | 0.002079 | −0.088% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002081 | +0.016% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002081 | −0.015% | $2K | $157K | 5x | as long as short |
| BloFin GALA-USDT | +0.0104% | 8h | 0.002082 | +0.056% | $306K | $70K | 20x | as long as short |
| Kraken Futures PF_GALAUSDlong | +0.0367% | 1h | 0.002081 | long leg | $661K | $165K | 25x |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT