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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 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.048%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$830.829% of the position
Long on HyperliquidShort on BingX
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)+0.032%+$3 · spread now +0.048%, 7d avg +0.021%
Together, before fees+0.020%+ Points / potential airdropHyperliquid: 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: BingX is 0.027% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GALA0.0020990.0100pay 0.0013% / 1h55m 56s$308K$157K3x
ShortBingX GALA-USDT0.0021000.0100get 0.0100% / 8h3h 55m—$11.0M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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% → +0.021%
$2.67
Slippage, 4 orders
−$63.95
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$80.28
Costs to cover
0.829%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 24 min ago; BingX: live order book, 7 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, 24 min ago2.39 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago4.76 bp17.4 bp −$1739.3 bp −$393210.5 bp −$21.1Kdoesn'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
Kraken Futures PF_GALAUSD−0.0165%1h0.002103+0.213%$664K$178K25xas long as short
KuCoin GALAUSDTM−0.0037%8h0.002098−0.048%$1.7M$5.2M75xas long as short
Injective GALA/USDC PERP+0.0033%1h0.002110+0.524%$2K$7K5.5xas long as short
BloFin GALA-USDT+0.0095%8h0.002104+0.238%$310K$69K20xas long as short
Hyperliquid GALAlong+0.0100%1h0.002099long leg$308K$157K3x
Aster GALAUSDT+0.0100%8h0.002099+0.005%$17K$11K5xas long as short
Binance GALAUSDT+0.0100%8h0.002101+0.080%$5.5M$17.0M75xas long as short
Bybit GALAUSDT+0.0100%8h0.002100+0.048%$6.1M$6.2M75xas long as short
OKX GALA-USDT-SWAP+0.0100%8h0.002101+0.095%$2.2M$4.1M50xas long as short
Gate GALA_USDT+0.0100%8h0.002100+0.048%$1.8M$1.3M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GALA_USDT+0.0100%8h0.0020990.000%$5.9M$3.4M125xas long as short
Bitget GALAUSDT+0.0100%8h0.0020990.000%$2.2M$1.2M75xas long as short
BingX GALA-USDTshort+0.0100%8h0.002100+0.048%—$11.0M—
Variational Omni GALA+0.0100%8h0.002098−0.041%$25K$20K—as long as short
Extended GALA-USD+0.0104%1h0.002099+0.020%$574$141K5xas long as short