Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.145%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.194%−$19 · spread now +0.145%, 7d avg +0.011%

Together, before fees−0.180%−$18 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: Bybit is 0.133% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GALAUSDTM	0.002073	0.0100	pay 0.0100% / 8h	1h 47m	$1.8M	$6.5M	75x
Short	Bybit GALAUSDT	0.002076	0.0100	get 0.0100% / 8h	1h 47m	$6.0M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.011%: $13.32
Slippage, 4 orders: −$100.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$109.86
Costs to cover: 1.232%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	4.82 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.41 bp	16.4 bp −$16	50.6 bp −$506	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	+1.785%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002076	+0.145%	$308K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002077	+0.183%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002077	+0.183%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDTshort	+0.0100%	8h	0.002076	+0.145%	$6.0M	$6.5M	75x
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002077	+0.193%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002077	+0.193%	$1.8M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002076	+0.145%	$5.7M	$3.4M	125x	as long as short
KuCoin GALAUSDTMlong	+0.0100%	8h	0.002073	long leg	$1.8M	$6.5M	75x
Bitget GALAUSDT	+0.0100%	8h	0.002076	+0.145%	$2.1M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDT	+0.0100%	8h	0.002075	+0.096%	—	$11.4M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002076	+0.160%	$25K	$17K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002076	+0.133%	$3K	$156K	5x	as long as short
BloFin GALA-USDT	+0.0119%	8h	0.002074	+0.048%	$306K	$73K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0876%	1h	0.002077	+0.217%	$654K	$153K	25x	as long as short