Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Hyperliquid−0.022%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.022%, 7d avg +0.022%

Together, before fees+0.071%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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: Binance is 0.044% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GALA	0.002043	0.0100	pay 0.0013% / 1h	31m 53s	$299K	$157K	3x
Short	Binance GALAUSDT	0.002043	0.0100	get 0.0100% / 8h	2h 31m	$5.3M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.022%: −$4.41
Slippage, 4 orders: −$56.14
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.55
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 38 min ago; Binance: live order book, 9 min ago.

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, 38 min ago	4.82 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.44 bp	20.9 bp −$21	54.5 bp −$545	365.9 bp −$36.6K	doesn't fit

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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+3.279%	$2K	$7K	5.5x	as long as short
KuCoin GALAUSDTM	+0.0065%	8h	0.002042	−0.049%	$1.7M	$4.9M	75x	as long as short
BloFin GALA-USDT	+0.0085%	8h	0.002054	+0.538%	$306K	$65K	20x	as long as short
Hyperliquid GALAlong	+0.0100%	1h	0.002043	long leg	$299K	$157K	3x
Aster GALAUSDT	+0.0100%	8h	0.002043	+0.002%	$17K	$7K	5x	as long as short
Binance GALAUSDTshort	+0.0100%	8h	0.002043	−0.022%	$5.3M	$17.3M	75x
Bybit GALAUSDT	+0.0100%	8h	0.002042	−0.049%	$5.9M	$6.1M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002040	−0.147%	$2.1M	$4.0M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002044	+0.049%	$1.7M	$1.5M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002042	−0.049%	$5.2M	$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	0.002043	0.000%	$2.1M	$1.3M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002043	0.000%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002052	+0.425%	$25K	$15K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002042	−0.062%	$4K	$83K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0627%	1h	0.002043	−0.007%	$654K	$211K	25x	as long as short