Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin+0.144%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1211.205% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.144%, 7d avg +0.026%

Together, before fees−0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.118% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GALAUSDTM	0.002082	0.0063	pay 0.0063% / 8h	4m 23s	$1.8M	$6.1M	75x
Short	Hyperliquid GALA	0.002085	0.0100	get 0.0013% / 1h	4m 23s	$309K	$171K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.144%Rate

Funding earned: $7.77
Price spread: +0.144% → +0.026%: $11.77
Slippage, 4 orders: −$99.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$100.96
Costs to cover: 1.205%
Break-even: 98.0 days

Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 55 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 KuCoin live order book, 3 min ago	2.41 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 55 min ago	2.39 bp	24.1 bp −$24	doesn't fit	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	+1.345%	$2K	$7K	5.5x	as long as short
KuCoin GALAUSDTMlong	+0.0063%	8h	0.002082	long leg	$1.8M	$6.1M	75x
BloFin GALA-USDT	+0.0093%	8h	0.002076	−0.288%	$305K	$70K	20x	as long as short
Hyperliquid GALAshort	+0.0100%	1h	0.002085	+0.144%	$309K	$171K	3x
Aster GALAUSDT	+0.0100%	8h	0.002084	+0.073%	$17K	$10K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002085	+0.154%	$5.4M	$17.8M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002083	+0.048%	$6.1M	$6.5M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002083	+0.048%	$2.2M	$4.4M	50x	as long as short
Gate GALA_USDT	+0.0100%	8h	0.002085	+0.144%	$1.7M	$1.2M	75x	as long as short
MEXC GALA_USDT	+0.0100%	8h	0.002085	+0.144%	$6.0M	$3.5M	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	0.002084	+0.096%	$2.1M	$1.2M	75x	as long as short
BingX GALA-USDT	+0.0100%	8h	0.002084	+0.096%	—	$11.2M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002078	−0.206%	$25K	$21K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002084	+0.076%	$3K	$156K	5x	as long as short
Kraken Futures PF_GALAUSD	+0.0586%	1h	0.002084	+0.073%	$662K	$164K	25x	as long as short