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: BingX against MEXC+0.048%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.048%, 7d avg −0.010%

Together, before fees+0.006%+$1 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: BingX is 0.058% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GALA_USDT	0.002085	0.0100	pay 0.0100% / 8h	1h 05m	$5.7M	$3.5M	125x
Short	BingX GALA-USDT	0.002086	0.0100	get 0.0100% / 8h	1h 05m	—	$11.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.010%: $5.79
Slippage, 4 orders: −$37.04
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$41.25
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; BingX: live order book, 13 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 MEXC live order book, 7 min ago	2.40 bp	6.1 bp −$6	13.0 bp −$130	98.1 bp −$9,814	183.0 bp −$91.5K
Sell BingX live order book, 13 min ago	4.82 bp	19.0 bp −$19	42.2 bp −$422	203.0 bp −$20.3K	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	+1.199%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002086	+0.048%	$309K	$171K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002085	−0.006%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002086	+0.055%	$5.4M	$17.6M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002085	0.000%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002085	0.000%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002085	0.000%	$1.8M	$1.2M	75x	as long as short
MEXC GALA_USDTlong	+0.0100%	8h	0.002085	long leg	$5.7M	$3.5M	125x
KuCoin GALAUSDTM	+0.0100%	8h	0.002082	−0.144%	$1.8M	$6.3M	75x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002085	0.000%	$2.1M	$1.3M	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-USDTshort	+0.0100%	8h	0.002086	+0.048%	—	$11.4M	—
Variational Omni GALA	+0.0100%	8h	0.002082	−0.133%	$25K	$18K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002085	−0.020%	$3K	$156K	5x	as long as short
BloFin GALA-USDT	+0.0126%	8h	0.002085	0.000%	$306K	$73K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0871%	1h	0.002089	+0.203%	$661K	$155K	25x	as long as short