Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.048%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.048%, 7d avg −0.009%

Together, before fees−0.059%−$6 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 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GALA-USDT-SWAP	0.002093	0.0100	pay 0.0100% / 8h	4h 20m	$2.2M	$4.1M	50x
Short	Bybit GALAUSDT	0.002094	0.0100	get 0.0100% / 8h	4h 20m	$6.1M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.009%: $5.66
Slippage, 4 orders: −$50.41
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$65.75
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 OKX live order book, 2 min ago	2.38 bp	18.8 bp −$19	73.1 bp −$731	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.38 bp	13.9 bp −$14	38.5 bp −$385	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
Kraken Futures PF_GALAUSD	−0.0285%	1h	0.002097	+0.185%	$662K	$179K	25x	as long as short
KuCoin GALAUSDTM	−0.0056%	8h	0.002095	+0.096%	$1.8M	$5.4M	75x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+0.812%	$2K	$7K	5.5x	as long as short
Hyperliquid GALA	+0.0100%	1h	0.002096	+0.143%	$307K	$159K	3x	as long as short
Aster GALAUSDT	+0.0100%	8h	0.002096	+0.155%	$17K	$11K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002095	+0.106%	$5.5M	$17.2M	75x	as long as short
Bybit GALAUSDTshort	+0.0100%	8h	0.002094	+0.048%	$6.1M	$6.3M	75x
OKX GALA-USDT-SWAPlong	+0.0100%	8h	0.002093	long leg	$2.2M	$4.1M	50x
Gate GALA_USDT	+0.0100%	8h	0.002097	+0.191%	$1.8M	$1.3M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002095	+0.096%	$5.9M	$3.4M	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GALAUSDT	+0.0100%	8h	0.002097	+0.191%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002097	+0.191%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002093	−0.018%	$25K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002094	+0.069%	$2K	$142K	5x	as long as short
BloFin GALA-USDT	+0.0105%	8h	0.002095	+0.096%	$308K	$68K	20x	as long as short