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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: OKX against Hyperliquid−0.143%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$830.825% of the position
Long on HyperliquidShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$4 on $10k
Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.143%, 7d avg +0.025%
Together, before fees+0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 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: OKX is 0.168% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GALA0.0020970.0100pay 0.0013% / 1h33m 40s$311K$167K3x
ShortOKX GALA-USDT-SWAP0.0020940.0100get 0.0100% / 8h7h 33m$2.2M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
Price spread: −0.143% → +0.025%
−$16.76
Slippage, 4 orders
−$63.55
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$99.31
Costs to cover
0.825%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 16 min ago; OKX: 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, 16 min ago2.40 bp25.9 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.39 bp17.7 bp −$1854.8 bp −$548doesn'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
Injective GALA/USDC PERP+0.0033%1h0.002110+0.620%$2K$7K5.5xas long as short
KuCoin GALAUSDTM+0.0050%8h0.002093−0.191%$1.8M$6.0M75xas long as short
BloFin GALA-USDT+0.0092%8h0.002093−0.191%$309K$68K20xas long as short
Hyperliquid GALAlong+0.0100%1h0.002097long leg$311K$167K3x
Aster GALAUSDT+0.0100%8h0.002096−0.038%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002096−0.048%$5.5M$17.8M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002096−0.048%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAPshort+0.0100%8h0.002094−0.143%$2.2M$4.4M50x
Gate GALA_USDT+0.0100%8h0.0020970.000%$1.7M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002095−0.095%$6.1M$3.5M125xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002094−0.143%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002095−0.095%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002092−0.230%$26K$21K—as long as short
Extended GALA-USD+0.0104%1h0.002096−0.060%$2K$157K5xas long as short
Kraken Futures PF_GALAUSD+0.0365%1h0.002096−0.046%$666K$164K25xas long as short