Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against KuCoin+0.097%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1351.346% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.216%−$22 · spread now +0.097%, 7d avg −0.030%

Together, before fees−0.163%−$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: Bitget is 0.127% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GALAUSDTM	0.002060	0.0100	pay 0.0100% / 8h	59m 57s	$1.7M	$4.7M	75x
Short	Bitget GALAUSDT	0.002062	0.0100	get 0.0100% / 8h	59m 57s	$2.1M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.030%: $12.75
Slippage, 4 orders: −$110.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.86
Costs to cover: 1.346%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 2 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 KuCoin live order book, 8 min ago	2.41 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.84 bp	23.5 bp −$24	90.4 bp −$904	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_GALAUSD	−0.0141%	1h	0.002066	+0.278%	$663K	$235K	25x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+2.427%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002063	+0.146%	$302K	$145K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002062	+0.097%	$16K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002062	+0.103%	$5.4M	$17.2M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002062	+0.097%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002061	+0.049%	$2.1M	$4.1M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002063	+0.146%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002062	+0.097%	$5.5M	$3.3M	125x	as long as short
KuCoin GALAUSDTMlong	+0.0100%	8h	0.002060	long leg	$1.7M	$4.7M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDTshort	+0.0100%	8h	0.002062	+0.097%	$2.1M	$1.3M	75x
BingX GALA-USDT	+0.0100%	8h	0.002062	+0.097%	—	$13.7M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002061	+0.031%	$25K	$14K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002062	+0.113%	$4K	$86K	5x	as long as short
BloFin GALA-USDT	+0.0110%	8h	0.002074	+0.680%	$301K	$65K	20x	as long as short