Funding you earn now, next payment 09:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.004%
Price spread now: KuCoin against Hyperliquid+0.097%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1301.300% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)−0.365%−$37 · spread now +0.097%, 7d avg −0.032%
=Together, before fees−0.469%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 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: KuCoin is 0.129% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GALA | 0.002059 | 0.0100 | pay 0.0013% / 1h | 32m 50s | $301K | $143K | 3x |
| Short | KuCoin GALAUSDTM | 0.002061 | 0.0095 | get 0.0095% / 8h | 7h 32m | $1.7M | $4.5M | 75x |
Hyperliquid GALA
KuCoin GALAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$1.05
- Price spread: +0.097% → −0.032%
- $12.93
- Slippage, 4 orders
- −$109.03
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$118.14
- Costs to cover
- 1.300%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 5 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, 7 min ago | 2.41 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.41 bp | 40.2 bp −$40 | 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 | +2.477% | $2K | $7K | 5.5x | as long as short |
| KuCoin GALAUSDTMshort | +0.0095% | 8h | 0.002061 | +0.097% | $1.7M | $4.5M | 75x | |
| Hyperliquid GALAlong | +0.0100% | 1h | 0.002059 | long leg | $301K | $143K | 3x | |
| Aster GALAUSDT | +0.0100% | 8h | 0.002060 | +0.049% | $16K | $8K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002062 | +0.128% | $5.4M | $17.1M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002058 | −0.049% | $6.0M | $5.9M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002056 | −0.146% | $2.1M | $4.1M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002062 | +0.146% | $1.8M | $1.5M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002061 | +0.097% | $5.5M | $3.2M | 125x | as long as short |
| Bitget GALAUSDT | +0.0100% | 8h | 0.002062 | +0.146% | $2.1M | $1.4M | 75x | as long as short |
Injective GALA/USDC PERP
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDT
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 | 0.002061 | +0.097% | — | $13.7M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002072 | +0.615% | $25K | $14K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002059 | +0.022% | $2K | $188K | 5x | as long as short |
| BloFin GALA-USDT | +0.0120% | 8h | 0.002067 | +0.389% | $300K | $65K | 20x | as long as short |
| Kraken Futures PF_GALAUSD | +0.0563% | 1h | 0.002063 | +0.176% | $666K | $239K | 25x | as long as short |
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT
Kraken Futures PF_GALAUSD