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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 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Hyperliquid against Extended+0.074%7-day average +0.022% · 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−$100as in the Price arb table
costs, in and out, $10k−$1051.050% of the position
Long on ExtendedShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.074%, 7d avg +0.022%
Together, before fees−0.025%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$2 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 0.053% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended GALA-USD0.0020940.0104pay 0.0013% / 1h24m 16s$2K$145K5x
ShortHyperliquid GALA0.0020960.0100get 0.0013% / 1h24m 16s$306K$161K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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
−$0.84
Price spread: +0.074% → +0.022%
$5.28
Slippage, 4 orders
−$90.99
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$100.55
Costs to cover
1.050%
Break-even
never at this rate
Slippage from Extended: live order book, 41 min ago; Hyperliquid: live order book, 15 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 Extended live order book, 41 min ago9.54 bp28.6 bp −$29149.1 bp −$1,491doesn't fitdoesn't fit
Sell Hyperliquid live order book, 15 min ago2.40 bp29.9 bp −$30doesn't fitdoesn't fitdoesn't fit

GALA on 14 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
Kraken Futures PF_GALAUSD−0.0223%1h0.002098+0.171%$667K$171K25xas long as short
KuCoin GALAUSDTM−0.0035%8h0.002092−0.116%$1.8M$5.8M75xas long as short
Injective GALA/USDC PERP+0.0033%1h0.002110+0.743%$2K$7K5.5xas long as short
Hyperliquid GALAshort+0.0100%1h0.002096+0.074%$306K$161K3x
Aster GALAUSDT+0.0100%8h0.002097+0.112%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002096+0.074%$5.5M$17.6M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002095+0.027%$6.1M$6.5M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002096+0.074%$2.2M$4.3M50xas long as short
Gate GALA_USDT+0.0100%8h0.002098+0.170%$1.8M$1.2M75xas long as short
MEXC GALA_USDT+0.0100%8h0.002094−0.021%$6.1M$3.5M125xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GALAUSDT+0.0100%8h0.002097+0.122%$2.2M$1.2M75xas long as short
BingX GALA-USDT+0.0100%8h0.002096+0.074%—$11.1M—as long as short
Variational Omni GALA+0.0100%8h0.002102+0.344%$26K$21K—as long as short
Extended GALA-USDlong+0.0104%1h0.002094long leg$2K$145K5x