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

GALA

all GALA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX0.000%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$750.752% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.022%
Together, before fees+0.012%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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 0.022% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX GALA-USDT0.0021000.0100pay 0.0100% / 8h7h 11m$11.1M
ShortHyperliquid GALA0.0021000.0100get 0.0013% / 1h11m 27s$312K$162K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: 0.000% → −0.022%
$2.23
Slippage, 4 orders
−$56.18
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$72.95
Costs to cover
0.752%
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; Hyperliquid: live order book, 38 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 BingX live order book, 12 min ago4.77 bp19.1 bp −$1939.1 bp −$391428.8 bp −$42.9Kdoesn't fit
Sell Hyperliquid live order book, 38 min ago2.40 bp20.5 bp −$20doesn'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+0.476%$2K$7K5.5xas long as short
KuCoin GALAUSDTM+0.0035%8h0.002098−0.095%$1.8M$5.9M75xas long as short
Hyperliquid GALAshort+0.0100%1h0.0021000.000%$312K$162K3x
Aster GALAUSDT+0.0100%8h0.0021000.000%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002099−0.042%$5.6M$17.7M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002098−0.095%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002097−0.143%$2.2M$4.4M50xas long as short
Gate GALA_USDT+0.0100%8h0.002101+0.048%$1.8M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002099−0.048%$6.1M$3.5M125xas long as short
Bitget GALAUSDT+0.0100%8h0.002098−0.095%$2.2M$1.2M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GALA-USDTlong+0.0100%8h0.002100long leg$11.1M
Variational Omni GALA+0.0100%8h0.002097−0.136%$26K$21Kas long as short
Extended GALA-USD+0.0104%1h0.002100−0.023%$485$142K5xas long as short
BloFin GALA-USDT+0.0123%8h0.002109+0.429%$312K$63K20xas long as short
Kraken Futures PF_GALAUSD+0.0364%1h0.002101+0.054%$667K$164K25xas long as short