Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance+0.021%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.021%, 7d avg −0.041%

Together, before fees−0.116%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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: Hyperliquid is 0.062% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.02010	0.0100	pay 0.0050% / 4h	3h 29m	$1.9M	$3.1M	50x
Short	Hyperliquid BLUR	0.02011	0.0100	get 0.0013% / 1h	29m 38s	$1.4M	$194K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.041%: $6.18
Slippage, 4 orders: −$88.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$100.96
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Hyperliquid: live order book, 1 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 Binance live order book, 12 min ago	2.50 bp	21.8 bp −$22	98.4 bp −$984	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	0.99 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit

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	−0.0466%	1h	0.02011	+0.059%	$12K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01880	−6.481%	$1K	$18K	5.5x	as long as short
BloFin BLUR-USDT	+0.0055%	4h	0.02011	+0.036%	$350K	$3K	50x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.02011	+0.021%	$1.4M	$194K	3x
Aster BLURUSDT	+0.0100%	4h	0.02011	+0.029%	$4K	$2K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.02010	long leg	$1.9M	$3.1M	50x
Bybit BLURUSDT	+0.0100%	8h	0.02009	−0.044%	$1.3M	$974K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02007	−0.163%	$964K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02013	+0.135%	$797K	$247K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02011	+0.036%	$1.1M	$118K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02014	+0.185%	$590K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02011	+0.036%	$830K	$405K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02011	+0.036%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02011	+0.059%	$1K	$2	—	as long as short
dYdX BLUR-USD	+0.1622%	1h	0.02009	−0.071%	$26K	—	5x	as long as short