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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 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid+0.014%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Long on HyperliquidShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.014%, 7d avg −0.022%
Together, before fees−0.112%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$11 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: Extended is 0.036% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GALA0.0021040.0100pay 0.0013% / 1h33m 10s$309K$161K3x
ShortExtended GALA-USD0.0021040.0104get 0.0013% / 1h33m 10s$3K$145K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.014% → −0.022%
$3.55
Slippage, 4 orders
−$91.17
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$100.77
Costs to cover
1.052%
Break-even
846.8 days
Slippage from Hyperliquid: live order book, 66 min ago; Extended: live order book, 28 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, 66 min ago2.40 bp17.8 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 28 min ago9.56 bp28.8 bp −$29176.7 bp −$1,767doesn'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
Kraken Futures PF_GALAUSD−0.0683%1h0.002105+0.053%$667K$174K25xas long as short
KuCoin GALAUSDTM−0.0076%8h0.002102−0.095%$1.8M$5.6M75xas long as short
Injective GALA/USDC PERP+0.0033%1h0.002110+0.285%$2K$7K5.5xas long as short
Hyperliquid GALAlong+0.0100%1h0.002104long leg$309K$161K3x
Aster GALAUSDT+0.0100%8h0.002104−0.006%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002104+0.010%$5.5M$17.3M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002103−0.048%$6.1M$6.4M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002103−0.048%$2.2M$4.3M50xas long as short
Gate GALA_USDT+0.0100%8h0.0021040.000%$1.8M$1.3M75xas long as short
MEXC GALA_USDT+0.0100%8h0.0021040.000%$6.1M$3.4M125xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.0021040.000%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.0021040.000%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002093−0.518%$25K$21K—as long as short
Extended GALA-USDshort+0.0104%1h0.002104+0.014%$3K$145K5x
BloFin GALA-USDT+0.0115%8h0.002097−0.333%$309K$70K20xas long as short