Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.030%

Price spread now: Injective against MEXC+0.668%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 0.668% dearer against MEXC than usual: you sell high and buy low (spread +0.668% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GALA_USDT	0.002096	0.0100	pay 0.0100% / 8h	7h 26m	$6.1M	$3.5M	125x
Short	Injective GALA/USDC PERP	0.002110	0.0033	get 0.0004% / 1h	26m 35s	$2K	$7K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now +0.668%Rate

Funding earned: −$14
Price spread: +0.668% → 0.000%: $66.79
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $52.77
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	2.39 bp	5.0 bp −$5	12.9 bp −$129	103.7 bp −$10.4K	183.5 bp −$91.8K
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	+0.668%	$2K	$7K	5.5x
KuCoin GALAUSDTM	+0.0043%	8h	0.002091	−0.239%	$1.8M	$6.0M	75x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002096	0.000%	$311K	$167K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002093	−0.130%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002097	+0.059%	$5.5M	$17.7M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002096	0.000%	$6.1M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002096	0.000%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002096	0.000%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDTlong	+0.0100%	8h	0.002096	long leg	$6.1M	$3.5M	125x
Bitget GALAUSDT	+0.0100%	8h	0.002096	0.000%	$2.2M	$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	0.002096	0.000%	—	$11.1M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002095	−0.039%	$26K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002096	+0.022%	$2K	$157K	5x	as long as short
BloFin GALA-USDT	+0.0126%	8h	0.002096	0.000%	$308K	$67K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0364%	1h	0.002096	+0.011%	$666K	$164K	25x	as long as short