Funding arb · Price arb /

GALA

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Swap Backtest

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: Gate against Hyperliquid+0.096%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on Hyperliquid Short on Gate

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)−0.097%−$10 · spread now +0.096%, 7d avg +0.057%

Together, before fees−0.127%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: Gate is 0.040% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GALA	0.002074	0.0100	pay 0.0013% / 1h	50m 01s	$307K	$171K	3x
Short	Gate GALA_USDT	0.002076	0.0100	get 0.0100% / 8h	1h 50m	$1.7M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.057%: $3.98
Slippage, 4 orders: −$67.7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.72
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 20 min ago; Gate: 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, 20 min ago	2.41 bp	18.5 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.81 bp	25.3 bp −$25	79.0 bp −$790	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
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.736%	$2K	$7K	5.5x	as long as short
BloFin GALA-USDT	+0.0081%	8h	0.002080	+0.289%	$307K	$73K	20x	as long as short
Hyperliquid GALAlong	+0.0100%	1h	0.002074	long leg	$307K	$171K	3x
Aster GALAUSDT	+0.0100%	8h	0.002075	+0.045%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002074	0.000%	$5.4M	$17.7M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002073	−0.048%	$6.0M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002074	0.000%	$2.2M	$4.3M	50x	as long as short
Gate GALA_USDTshort	+0.0100%	8h	0.002076	+0.096%	$1.7M	$1.2M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002074	0.000%	$5.7M	$3.4M	125x	as long as short
KuCoin GALAUSDTM	+0.0100%	8h	0.002075	+0.048%	$1.8M	$6.5M	75x	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	0.002073	−0.048%	$2.1M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002075	+0.048%	—	$11.4M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002076	+0.112%	$25K	$17K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002074	−0.016%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0877%	1h	0.002077	+0.139%	$654K	$153K	25x	as long as short