Dynamic elements in bash PS1

I have put the following in my ~/.localsh file to customize my bash prompt when working with git.

Basically I want to get the current branch displayed in my terminal.
The gitk tool shows branches with green background and black foreground, so thats what I’m trying to do.

What I have works, but when I press the up arrow on the keyboard to scroll back through previous commands it gets overwritten.

This stuff has happened to be before when you I din’t end a color sequence with [\e[0m].
Now it is happening to me because of calling getgitbranch function. I think it has something to do with the terminal not knowing how long the prompt is.

So, heres the question…
How do I correctly use dynamic elements in my bash prompt and not get it hosed up when I use the up arrows?

function getgitbranch()
{
git branch | grep "^\*" | cut -c3-
}

function blabla()
{
PS1=""
PS1="$PS1\[\e[0;30m\]\[\e[42m\]\[\$(getgitbranch)\]\[\e[0;49m\]\[\e[0m\] "
PS1="$PS1\[\e[1;35m\][\[\e[0m\]"
PS1="$PS1\[\e[1;33m\]\w\[\e[0m\]"
PS1="$PS1\[\e[1;35m\]]\[\e[0m\]"
PS1="$PS1 \[\e[1;31m\]>\[\e[0m\] "
export PS1
}

Git Baby is a git and github fan, let's start git clone.