Funding arb · Price arb /

GALA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Hyperliquid+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.040% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GALA	0.002103	0.0100	pay 0.0013% / 1h	34m 37s	$308K	$155K	3x
Short	Aster GALAUSDT	0.002104	0.0100	get 0.0100% / 8h	3h 34m	$17K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → 0.000%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 45 min ago; Aster: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 45 min ago	2.39 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0165%	1h	0.002105	+0.085%	$666K	$180K	25x	as long as short
KuCoin GALAUSDTM	−0.0011%	8h	0.002100	−0.143%	$1.8M	$5.2M	75x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+0.333%	$2K	$7K	5.5x	as long as short
Hyperliquid GALAlong	+0.0100%	1h	0.002103	long leg	$308K	$155K	3x
Aster GALAUSDTshort	+0.0100%	8h	0.002104	+0.040%	$17K	$11K	5x
Binance GALAUSDT	+0.0100%	8h	0.002101	−0.099%	$5.5M	$16.9M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002099	−0.190%	$6.1M	$6.1M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002098	−0.238%	$2.2M	$4.0M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002103	0.000%	$1.8M	$1.3M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002101	−0.095%	$5.8M	$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	0.002098	−0.238%	$2.2M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002102	−0.048%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002102	−0.041%	$26K	$20K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002101	−0.077%	$443	$144K	5x	as long as short
BloFin GALA-USDT	+0.0126%	8h	0.002102	−0.048%	$311K	$68K	20x	as long as short