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Funding arb · Price arb /

GALA

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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate0.000%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1061.059% of the position
Long on GateShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now 0.000%, 7d avg −0.056%
Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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: Hyperliquid is 0.056% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GALA_USDT0.0020870.0100pay 0.0100% / 8h16m 12s$1.7M$1.2M75x
ShortHyperliquid GALA0.0020870.0100get 0.0013% / 1h16m 12s$309K$171K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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

Funding earned
$0
Price spread: 0.000% → −0.056%
$5.59
Slippage, 4 orders
−$81.89
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$100.29
Costs to cover
1.059%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 44 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 Gate live order book, 1 min ago2.40 bp28.5 bp −$2894.3 bp −$943doesn't fitdoesn't fit
Sell Hyperliquid live order book, 44 min ago2.39 bp24.1 bp −$24doesn'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+1.102%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0074%8h0.002086−0.048%$306K$70K20xas long as short
KuCoin GALAUSDTM+0.0093%8h0.002084−0.144%$1.8M$6.2M75xas long as short
Hyperliquid GALAshort+0.0100%1h0.0020870.000%$309K$171K3x
Aster GALAUSDT+0.0100%8h0.002086−0.026%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002086−0.034%$5.4M$17.8M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002086−0.048%$6.0M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002086−0.048%$2.2M$4.4M50xas long as short
Gate GALA_USDTlong+0.0100%8h0.002087long leg$1.7M$1.2M75x
MEXC GALA_USDT+0.0100%8h0.002086−0.048%$5.7M$3.4M125xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002086−0.048%$2.1M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.0020870.000%—$11.2M—as long as short
Variational Omni GALA+0.0100%8h0.002086−0.038%$25K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002088+0.029%$3K$156K5xas long as short
Kraken Futures PF_GALAUSD+0.0585%1h0.002089+0.081%$664K$163K25xas long as short