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: Bitget against Hyperliquid−0.048%7-day average −0.060% · 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−$76as in the Price arb table
costs, in and out, $10k−$770.773% 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
LongHyperliquid GALA0.0020740.0100pay 0.0013% / 1h50m 01s$307K$171K3x
ShortBitget GALAUSDT0.0020730.0100get 0.0100% / 8h1h 50m$2.1M$1.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.048% → −0.060%
$1.16
Slippage, 4 orders
−$56.32
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$76.16
Costs to cover
0.773%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 20 min ago; Bitget: live order book, 2 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 Hyperliquid live order book, 20 min ago2.41 bp18.5 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago4.82 bp15.3 bp −$1590.6 bp −$906doesn'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+1.736%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0081%8h0.002080+0.289%$307K$73K20xas long as short
Hyperliquid GALAlong+0.0100%1h0.002074long leg$307K$171K3x
Aster GALAUSDT+0.0100%8h0.002075+0.045%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.0020740.000%$5.4M$17.7M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002073−0.048%$6.0M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.0020740.000%$2.2M$4.3M50xas long as short
Gate GALA_USDT+0.0100%8h0.002076+0.096%$1.7M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.0020740.000%$5.7M$3.4M125xas long as short
KuCoin GALAUSDTM+0.0100%8h0.002075+0.048%$1.8M$6.5M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDTshort+0.0100%8h0.002073−0.048%$2.1M$1.2M75x
BingX GALA-USDT+0.0100%8h0.002075+0.048%$11.4Mas long as short
Variational Omni GALA+0.0100%8h0.002076+0.112%$25K$17Kas long as short
Extended GALA-USD+0.0104%1h0.002074−0.016%$3K$156K5xas long as short
Kraken Futures PF_GALAUSD+0.0877%1h0.002077+0.139%$654K$153K25xas long as short