Settings8H · net · $10k
Funding arb · Price arb /

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.048%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$490.488% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.048%, 7d avg −0.010%
Together, before fees−0.025%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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: Hyperliquid is 0.058% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC GALA_USDT0.0020780.0100pay 0.0100% / 8h1h 15m$5.7M$3.5M125x
ShortHyperliquid GALA0.0020790.0100get 0.0013% / 1h15m 37s$308K$171K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: +0.048% → −0.010%
$5.83
Slippage, 4 orders
−$39.81
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$42.98
Costs to cover
0.488%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 54 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 MEXC live order book, 1 min ago2.41 bp3.4 bp −$313.0 bp −$13088.1 bp −$8,809181.0 bp −$90.5K
Sell Hyperliquid live order book, 54 min ago2.41 bp24.5 bp −$25doesn't fitdoesn'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+1.540%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0081%8h0.002077−0.048%$306K$73K20xas long as short
Hyperliquid GALAshort+0.0100%1h0.002079+0.048%$308K$171K3x
Aster GALAUSDT+0.0100%8h0.002079+0.068%$17K$10K5xas long as short
Binance GALAUSDT+0.0100%8h0.002079+0.024%$5.4M$17.6M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002077−0.048%$6.0M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002077−0.048%$2.2M$4.3M50xas long as short
Gate GALA_USDT+0.0100%8h0.002079+0.048%$1.7M$1.2M75xas long as short
MEXC GALA_USDTlong+0.0100%8h0.002078long leg$5.7M$3.5M125x
KuCoin GALAUSDTM+0.0100%8h0.002076−0.096%$1.8M$6.4M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002076−0.096%$2.1M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002079+0.048%$11.4Mas long as short
Variational Omni GALA+0.0100%8h0.002079+0.060%$25K$18Kas long as short
Extended GALA-USD+0.0104%1h0.002078+0.003%$3K$156K5xas long as short
Kraken Futures PF_GALAUSD+0.0875%1h0.002081+0.168%$659K$155K25xas long as short