Settings8H · net · $10k
Funding arb · Price arb /

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.048%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$790.793% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.048%, 7d avg +0.060%
Together, before fees+0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GALAUSDT0.0020890.0100pay 0.0100% / 8h1h 41m$2.1M$1.2M75x
ShortHyperliquid GALA0.0020900.0100get 0.0013% / 1h41m 31s$310K$171K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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

Funding earned
$0
Price spread: +0.048% → +0.060%
−$1.19
Slippage, 4 orders
−$58.28
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$80.47
Costs to cover
0.793%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.39 bp20.9 bp −$2194.4 bp −$944doesn't fitdoesn't fit
Sell Hyperliquid live order book, 28 min ago2.41 bp24.5 bp −$25doesn't fitdoesn't fitdoesn't fit

GALA on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GALA/USDC PERP+0.0033%1h0.002110+1.005%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0071%8h0.002078−0.527%$307K$73K20xas long as short
Hyperliquid GALAshort+0.0100%1h0.002090+0.048%$310K$171K3x
Aster GALAUSDT+0.0100%8h0.002090+0.061%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002089+0.004%$5.4M$17.7M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002087−0.096%$6.0M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002088−0.048%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002091+0.096%$1.8M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002090+0.048%$5.7M$3.4M125xas long as short
KuCoin GALAUSDTM+0.0100%8h0.002088−0.048%$1.8M$6.5M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDTlong+0.0100%8h0.002089long leg$2.1M$1.2M75x
BingX GALA-USDT+0.0100%8h0.002088−0.048%$11.4Mas long as short
Variational Omni GALA+0.0100%8h0.002074−0.704%$25K$17Kas long as short
Extended GALA-USD+0.0104%1h0.002090+0.030%$3K$156K5xas long as short
Kraken Futures PF_GALAUSD+0.0870%1h0.002092+0.132%$659K$153K25xas long as short