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: Extended against Hyperliquid−0.122%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1051.050% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.122%, 7d avg −0.022%
=Together, before fees+0.072%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$7 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: Extended is 0.100% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GALA | 0.002097 | 0.0100 | pay 0.0013% / 1h | 23m 58s | $306K | $161K | 3x |
| Short | Extended GALA-USD | 0.002094 | 0.0104 | get 0.0013% / 1h | 23m 58s | $2K | $145K | 5x |
Hyperliquid GALA
Extended GALA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.122% → −0.022%
- −$10.04
- Slippage, 4 orders
- −$90.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$114.18
- Costs to cover
- 1.050%
- Break-even
- 958.5 days
Slippage from Hyperliquid: live order book, 16 min ago; Extended: live order book, 42 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, 16 min ago | 2.40 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 42 min ago | 9.54 bp | 28.7 bp −$29 | 131.7 bp −$1,317 | doesn't fit | doesn't fit |
GALA on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSD | −0.0223% | 1h | 0.002098 | +0.049% | $667K | $171K | 25x | as long as short |
| KuCoin GALAUSDTM | −0.0035% | 8h | 0.002092 | −0.238% | $1.8M | $5.8M | 75x | as long as short |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +0.620% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALAlong | +0.0100% | 1h | 0.002097 | long leg | $306K | $161K | 3x | |
| Aster GALAUSDT | +0.0100% | 8h | 0.002097 | −0.010% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002097 | 0.000% | $5.5M | $17.6M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002095 | −0.095% | $6.1M | $6.5M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002096 | −0.048% | $2.2M | $4.3M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002097 | 0.000% | $1.8M | $1.2M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002094 | −0.143% | $6.1M | $3.5M | 125x | as long as short |
Kraken Futures PF_GALAUSD
KuCoin GALAUSDTM
Injective GALA/USDC PERP
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002097 | 0.000% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002096 | −0.048% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002102 | +0.222% | $26K | $21K | — | as long as short |
| Extended GALA-USDshort | +0.0104% | 1h | 0.002094 | −0.122% | $2K | $145K | 5x |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA