Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.034%

Price spread now: Injective against KuCoin+1.785%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

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 1.785% dearer against KuCoin than usual: you sell high and buy low (spread +1.785% now, against zero (this spread has no 7-day history yet)): +$178 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

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	2h 05m	$1.7M	$4.9M	75x
Short	Injective GALA/USDC PERP	0.002110	0.0033	get 0.0004% / 1h	5m 07s	$2K	$7K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee InjectivebpOrdersPrice spread, now +1.785%Rate

Funding earned: −$14
Price spread: +1.785% → 0.000%: $178.49
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $152.47
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.41 bp	49.2 bp −$49	doesn't fit	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	+1.785%	$2K	$7K	5.5x
BloFin GALA-USDT	+0.0080%	8h	0.002081	+0.386%	$300K	$66K	20x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002074	+0.048%	$303K	$158K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002075	+0.105%	$17K	$8K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002074	+0.048%	$5.4M	$17.5M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002074	+0.048%	$6.0M	$6.1M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002073	0.000%	$2.2M	$4.1M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002077	+0.193%	$1.8M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002074	+0.048%	$5.3M	$3.4M	125x	as long as short
KuCoin GALAUSDTMlong	+0.0100%	8h	0.002073	long leg	$1.7M	$4.9M	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002074	+0.048%	$2.1M	$1.3M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002076	+0.145%	—	$10.9M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002078	+0.248%	$25K	$15K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002073	+0.020%	$1K	$86K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0618%	1h	0.002073	−0.016%	$664K	$221K	25x	as long as short