Funding arb · Price arb /

GALA

all GALA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid+0.144%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$960.960% 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)−0.145%−$14 · spread now +0.144%, 7d avg +0.053%

Together, before fees−0.175%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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 0.091% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GALA	0.002078	0.0100	pay 0.0013% / 1h	55m 18s	$305K	$155K	3x
Short	Gate GALA_USDT	0.002081	0.0100	get 0.0100% / 8h	2h 55m	$1.8M	$1.4M	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 +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.053%: $9.11
Slippage, 4 orders: −$71.96
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.85
Costs to cover: 0.960%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 14 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, 14 min ago	4.82 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.39 bp	29.3 bp −$29	107.4 bp −$1,074	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
KuCoin GALAUSDTM	+0.0022%	8h	0.002079	+0.048%	$1.7M	$5.0M	75x	as long as short
Injective GALA/USDC PERP	+0.0033%	1h	0.002110	+1.540%	$2K	$7K	5.5x	as long as short
Hyperliquid GALAlong	+0.0100%	1h	0.002078	long leg	$305K	$155K	3x
Aster GALAUSDT	+0.0100%	8h	0.002081	+0.158%	$17K	$7K	5x	as long as short
Binance GALAUSDT	+0.0100%	8h	0.002081	+0.144%	$5.5M	$16.9M	75x	as long as short
Bybit GALAUSDT	+0.0100%	8h	0.002079	+0.048%	$6.0M	$6.0M	75x	as long as short
OKX GALA-USDT-SWAP	+0.0100%	8h	0.002078	0.000%	$2.2M	$4.0M	50x	as long as short
Gate GALA_USDTshort	+0.0100%	8h	0.002081	+0.144%	$1.8M	$1.4M	75x
MEXC GALA_USDT	+0.0100%	8h	0.002078	0.000%	$5.7M	$3.3M	125x	as long as short
Bitget GALAUSDT	+0.0100%	8h	0.002080	+0.096%	$2.1M	$1.2M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GALA-USDT	+0.0100%	8h	0.002081	+0.144%	—	$11.0M	—	as long as short
Variational Omni GALA	+0.0100%	8h	0.002083	+0.247%	$25K	$20K	—	as long as short
Extended GALA-USD	+0.0104%	1h	0.002078	−0.009%	$4K	$88K	5x	as long as short
BloFin GALA-USDT	+0.0116%	8h	0.002072	−0.289%	$308K	$67K	20x	as long as short
Kraken Futures PF_GALAUSD	+0.0616%	1h	0.002081	+0.127%	$661K	$187K	25x	as long as short