Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.048%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.048%, 7d avg −0.017%
=Together, before fees−0.043%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 0.065% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GALAUSDT | 0.002072 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $6.0M | $6.0M | 75x |
| Short | Hyperliquid GALA | 0.002073 | 0.0100 | get 0.0013% / 1h | 54m 07s | $303K | $144K | 3x |
Bybit GALAUSDT
Hyperliquid GALAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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% → −0.017%
- $6.5
- Slippage, 4 orders
- −$55.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$68.78
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 55 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 Bybit live order book, 4 min ago | 2.41 bp | 14.3 bp −$14 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 55 min ago | 2.41 bp | 25.8 bp −$26 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.834% | $2K | $7K | 5.5x | as long as short |
| BloFin GALA-USDT | +0.0098% | 8h | 0.002066 | −0.290% | $302K | $65K | 20x | as long as short |
| Hyperliquid GALAshort | +0.0100% | 1h | 0.002073 | +0.048% | $303K | $144K | 3x | |
| Aster GALAUSDT | +0.0100% | 8h | 0.002064 | −0.386% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002067 | −0.217% | $5.4M | $17.1M | 75x | as long as short |
| Bybit GALAUSDTlong | +0.0100% | 8h | 0.002072 | long leg | $6.0M | $6.0M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002072 | 0.000% | $2.2M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002073 | +0.048% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002070 | −0.097% | $5.5M | $3.2M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002063 | −0.434% | $1.7M | $4.5M | 75x | as long as short |
Injective GALA/USDC PERP
BloFin GALA-USDT
Aster GALAUSDT
Binance GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002073 | +0.048% | $2.1M | $1.4M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002073 | +0.048% | — | $13.7M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002070 | −0.089% | $25K | $14K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002073 | +0.050% | $2K | $191K | 5x | as long as short |
| Kraken Futures PF_GALAUSD | +0.0560% | 1h | 0.002073 | +0.027% | $669K | $240K | 25x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
Kraken Futures PF_GALAUSD