Settings8H · net · $10k
Funding arb · Price arb /

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRnext payment +$1.61 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against KuCoin+0.096%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1331.328% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 7 days−0.234%−$23 · spread now +0.096%, 7d avg +0.020%
Together, before fees−0.175%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GALAUSDTM0.002089−0.0061get 0.0061% / 8h5h 51m$1.7M$5.7M75x
ShortOKX GALA-USDT-SWAP0.0020910.0100get 0.0100% / 8h5h 51m$2.2M$4.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$33.81
Price spread: +0.096% → +0.020%
$7.54
Slippage, 4 orders
−$110.82
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$91.47
Costs to cover
1.328%
Break-even
25.9 days
Slippage from KuCoin: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 1 min ago4.78 bp43.7 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.39 bp19.6 bp −$2076.4 bp −$764doesn't fitdoesn't fit

GALA on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GALAUSD−0.0688%1h0.002093+0.174%$664K$173K25xas long as short
KuCoin GALAUSDTMlong−0.0061%8h0.002089long leg$1.7M$5.7M75x
Injective GALA/USDC PERP+0.0033%1h0.002110+1.005%$2K$7K5.5xas long as short
Hyperliquid GALA+0.0100%1h0.002091+0.096%$305K$159K3xas long as short
Aster GALAUSDT+0.0100%8h0.002089+0.008%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002091+0.100%$5.5M$17.3M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002090+0.048%$6.1M$6.4M75xas long as short
OKX GALA-USDT-SWAPshort+0.0100%8h0.002091+0.096%$2.2M$4.2M50x
Gate GALA_USDT+0.0100%8h0.002091+0.096%$1.8M$1.3M75xas long as short
MEXC GALA_USDT+0.0100%8h0.0020890.000%$6.0M$3.4M125xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002091+0.096%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.0020890.000%$11.1Mas long as short
Variational Omni GALA+0.0100%8h0.002098+0.438%$25K$21Kas long as short
Extended GALA-USD+0.0104%1h0.002090+0.060%$3K$147K5xas long as short