Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against BloFin−0.111%7-day average −0.037% · you buy dearer than you sell

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

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now −0.111%, 7d avg −0.037%

Together, before fees−0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.073% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BLUR-USDT	0.01989	0.0121	pay 0.0060% / 4h	1h 55m	$349K	$2K	50x
Short	Hyperliquid BLUR	0.01987	0.0100	get 0.0013% / 1h	55m 16s	$1.3M	$401K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$4.32
Price spread: −0.111% → −0.037%: −$7.31
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$32.63
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 25 min ago; Hyperliquid: live order book, 5 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 BloFin live order book, 25 min ago	2.51 bp	14.2 bp −$14	48.5 bp −$485	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	2.27 bp	doesn't fit	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	−0.1290%	1h	0.01990	+0.034%	$12K	$7K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01991	+0.095%	$26K	—	5x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.01987	−0.111%	$1.3M	$401K	3x
Aster BLURUSDT	+0.0100%	4h	0.01987	−0.089%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01987	−0.077%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01988	−0.035%	$1.3M	$969K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01987	−0.101%	$952K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01989	0.000%	$792K	$246K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01986	−0.151%	$1.1M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01988	−0.050%	$583K	$97K	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	0.01989	0.000%	$822K	$420K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01987	−0.101%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01989	−0.021%	$1K	$849	—	as long as short
BloFin BLUR-USDTlong	+0.0121%	4h	0.01989	long leg	$349K	$2K	50x
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.452%	$1K	$212	5.5x	as long as short