GALA arbitrage explained
Right now GALA trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.002313 and the highest bid on Gate spot at $0.002316.
The widest GALA perpetual spread is between Gate and MEXC: long GALA on Gate at $0.002313 and short on MEXC at $0.002315 for +0.09% gross, or -0.07% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.050% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best GALA route is to buy spot on Binance and short the perpetual on MEXC: -0.04% gross, -0.24% net, with -0.020% a day of funding on the short leg.
Spot–spot GALA arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small GALA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: GALA funding rates · GALA spread charts · GALA price · arbitrage scanner for all coins.