Funding you earn now, next payment 05:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h −0.131%
Price spread now: OKX against Kraken Futures−0.137%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.137%, 7d avg −0.071%
=Funding pays, the price is against you. OKX is 0.066% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.071%). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.094% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% 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 | 0.002086 | −0.0166 | get 0.0021% / 1h | 6m 11s | $662K | $187K | 25x |
| Short | OKX GALA-USDT-SWAP | 0.002083 | 0.0100 | get 0.0100% / 8h | 3h 06m | $2.2M | $4.0M | 50x |
Kraken Futures PF_GALAUSD
OKX GALA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $55.87
- Price spread: −0.137% → −0.071%
- −$6.62
- Slippage, 4 orders
- −$102
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$72.75
- Costs to cover
- 1.220%
- Break-even
- 16.1 days
Slippage from Kraken Futures: live order book, 47 min ago; OKX: live order book, 1 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, 47 min ago | 11.85 bp | 39.6 bp −$40 | 116.3 bp −$1,163 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.40 bp | 20.7 bp −$21 | 77.1 bp −$771 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSDlong | −0.0166% | 1h | 0.002086 | long leg | $662K | $187K | 25x | |
| KuCoin GALAUSDTM | +0.0008% | 8h | 0.002083 | −0.137% | $1.8M | $5.1M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.158% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALA | +0.0100% | 1h | 0.002085 | −0.041% | $305K | $153K | 3x | as long as short |
| Aster GALAUSDT | +0.0100% | 8h | 0.002085 | −0.018% | $17K | $7K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002085 | −0.062% | $5.5M | $17.0M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002084 | −0.089% | $6.0M | $6.0M | 75x | as long as short |
| OKX GALA-USDT-SWAPshort | +0.0100% | 8h | 0.002083 | −0.137% | $2.2M | $4.0M | 50x | |
| Gate GALA_USDT | +0.0100% | 8h | 0.002086 | +0.007% | $1.8M | $1.4M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002085 | −0.041% | $5.7M | $3.4M | 125x | as long as short |
KuCoin GALAUSDTM
Injective GALA/USDC PERP
Hyperliquid GALA
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002084 | −0.089% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002084 | −0.089% | — | $11.0M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002081 | −0.227% | $25K | $20K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002084 | −0.082% | $436 | $83K | 5x | as long as short |
| BloFin GALA-USDT | +0.0127% | 8h | 0.002081 | −0.233% | $309K | $67K | 20x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT