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Funding arb · Price arb /

GALA

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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid+0.048%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Long on HyperliquidShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.048%, 7d avg +0.009%
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: MEXC is 0.039% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GALA0.0020970.0100pay 0.0013% / 1h18m 22s$311K$162K3x
ShortMEXC GALA_USDT0.0020980.0100get 0.0100% / 8h7h 18m$6.1M$3.5M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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% → +0.009%
$3.89
Slippage, 4 orders
−$48.01
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
−$53.11
Costs to cover
0.570%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 31 min ago; MEXC: live order book, 4 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, 31 min ago2.40 bp25.9 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago2.38 bp3.9 bp −$47.1 bp −$7188.7 bp −$8,875182.5 bp −$91.3K

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+0.620%$2K$7K5.5xas long as short
KuCoin GALAUSDTM+0.0036%8h0.002094−0.143%$1.8M$6.0M75xas long as short
BloFin GALA-USDT+0.0074%8h0.002099+0.095%$309K$64K20xas long as short
Hyperliquid GALAlong+0.0100%1h0.002097long leg$311K$162K3x
Aster GALAUSDT+0.0100%8h0.002096−0.068%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002099+0.088%$5.5M$17.7M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002099+0.095%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002099+0.095%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.0020970.000%$1.7M$1.2M75xas long as short
MEXC GALA_USDTshort+0.0100%8h0.002098+0.048%$6.1M$3.5M125x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002099+0.095%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002096−0.048%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002099+0.103%$26K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002099+0.091%$2K$143K5xas long as short
Kraken Futures PF_GALAUSD+0.0363%1h0.002103+0.303%$668K$164K25xas long as short