Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.048%7-day average +0.019% · 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−$730.730% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.048%, 7d avg +0.019%
=Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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: Bybit is 0.067% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GALA | 0.002092 | 0.0100 | pay 0.0013% / 1h | 56m 00s | $307K | $161K | 3x |
| Short | Bybit GALAUSDT | 0.002091 | 0.0100 | get 0.0100% / 8h | 4h 56m | $6.1M | $6.4M | 75x |
Hyperliquid GALA
Bybit GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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% → +0.019%
- −$6.66
- Slippage, 4 orders
- −$52.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.63
- Costs to cover
- 0.730%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 34 min ago; Bybit: live order book, 2 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, 34 min ago | 4.76 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.41 bp | 17.3 bp −$17 | 48.9 bp −$489 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSD | −0.0285% | 1h | 0.002093 | +0.027% | $662K | $176K | 25x | as long as short |
| KuCoin GALAUSDTM | −0.0079% | 8h | 0.002089 | −0.143% | $1.7M | $5.5M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +0.860% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0091% | 8h | 0.002073 | −0.908% | $310K | $69K | 20x | as long as short |
| Hyperliquid GALAlong | +0.0100% | 1h | 0.002092 | long leg | $307K | $161K | 3x | |
| Aster GALAUSDT | +0.0100% | 8h | 0.002093 | +0.063% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002092 | −0.022% | $5.5M | $17.4M | 75x | as long as short |
| Bybit GALAUSDTshort | +0.0100% | 8h | 0.002091 | −0.048% | $6.1M | $6.4M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002090 | −0.096% | $2.2M | $4.2M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002093 | +0.048% | $1.8M | $1.3M | 75x | as long as short |
Kraken Futures PF_GALAUSD
KuCoin GALAUSDTM
Injective GALA/USDC PERP
BloFin GALA-USDT
Aster GALAUSDT
Binance GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GALA_USDT | +0.0100% | 8h | 0.002089 | −0.143% | $6.3M | $3.3M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002091 | −0.048% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002091 | −0.048% | — | $11.2M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002090 | −0.088% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002091 | −0.044% | $2K | $144K | 5x | as long as short |
MEXC GALA_USDT
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD