Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.144%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$800.798% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.144%, 7d avg +0.024%
=Together, before fees+0.182%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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: Bybit is 0.168% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GALA | 0.002080 | 0.0100 | pay 0.0013% / 1h | 36m 05s | $308K | $171K | 3x |
| Short | Bybit GALAUSDT | 0.002077 | 0.0100 | get 0.0100% / 8h | 1h 36m | $6.0M | $6.5M | 75x |
Hyperliquid GALA
Bybit GALAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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: −0.144% → +0.024%
- −$16.81
- Slippage, 4 orders
- −$59.78
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.59
- Costs to cover
- 0.798%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 34 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 34 min ago | 2.41 bp | 18.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.40 bp | 16.8 bp −$17 | 53.2 bp −$532 | 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 | +1.442% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALAlong | +0.0100% | 1h | 0.002080 | long leg | $308K | $171K | 3x | |
| Aster GALAUSDT | +0.0100% | 8h | 0.002081 | +0.054% | $17K | $10K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002079 | −0.030% | $5.4M | $17.7M | 75x | as long as short |
| Bybit GALAUSDTshort | +0.0100% | 8h | 0.002077 | −0.144% | $6.0M | $6.5M | 75x | |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002078 | −0.096% | $2.2M | $4.4M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002082 | +0.096% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002081 | +0.048% | $5.7M | $3.5M | 125x | as long as short |
| KuCoin GALAUSDTM | +0.0100% | 8h | 0.002079 | −0.048% | $1.8M | $6.4M | 75x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002079 | −0.048% | $2.1M | $1.2M | 75x | as long as short |
Injective GALA/USDC PERP
Aster GALAUSDT
Binance GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
KuCoin GALAUSDTM
Bitget GALAUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GALA-USDT | +0.0100% | 8h | 0.002079 | −0.048% | — | $11.4M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002087 | +0.349% | $25K | $17K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002081 | +0.030% | $3K | $156K | 5x | as long as short |
| BloFin GALA-USDT | +0.0121% | 8h | 0.002084 | +0.192% | $306K | $73K | 20x | as long as short |
| Kraken Futures PF_GALAUSD | +0.0874% | 1h | 0.002083 | +0.150% | $656K | $152K | 25x | as long as short |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT
Kraken Futures PF_GALAUSD