Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster−0.035%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.035% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BLURUSDT	0.02007	0.0100	pay 0.0050% / 4h	2h 41m	$4K	$2K	5x
Short	Hyperliquid BLUR	0.02007	0.0100	get 0.0013% / 1h	41m 57s	$1.4M	$188K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$20.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	2.99 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BLUR 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
Kraken Futures PF_BLURUSD	+0.0014%	1h	0.02008	+0.025%	$12K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01880	−6.342%	$1K	$18K	5.5x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.02007	−0.035%	$1.4M	$188K	3x
Aster BLURUSDTlong	+0.0100%	4h	0.02007	long leg	$4K	$2K	5x
Binance BLURUSDT	+0.0100%	4h	0.02007	−0.015%	$1.9M	$3.2M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02008	+0.020%	$1.3M	$951K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02006	−0.065%	$959K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02010	+0.134%	$797K	$244K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02007	−0.015%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02007	−0.015%	$588K	$96K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.02007	−0.015%	$828K	$413K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02008	+0.035%	—	$13.1M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02008	+0.045%	$1K	$2	—	as long as short
dYdX BLUR-USD	+0.0110%	1h	0.02004	−0.165%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0140%	4h	0.02004	−0.165%	$356K	$2K	50x	as long as short