Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate−0.096%7-day average −0.062% · you buy dearer than you sell

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.096%, 7d avg −0.062%

Together, before fees−0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BLUR_USDT	0.01988	0.0100	pay 0.0050% / 4h	1h 57m	$792K	$246K	50x
Short	Hyperliquid BLUR	0.01986	0.0100	get 0.0013% / 1h	57m 46s	$1.3M	$398K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee HyperliquidbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.062%: −$3.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$27.33
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 24 min ago; Hyperliquid: live order book, 3 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 Gate live order book, 24 min ago	5.01 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 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	−0.1291%	1h	0.01988	−0.011%	$12K	$7K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01991	+0.145%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0093%	4h	0.01985	−0.151%	$358K	$2K	50x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.01986	−0.096%	$1.3M	$398K	3x
Aster BLURUSDT	+0.0100%	4h	0.01987	−0.066%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01988	−0.025%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01988	+0.010%	$1.3M	$971K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01987	−0.050%	$953K	$1.6M	20x	as long as short
Gate BLUR_USDTlong	+0.0100%	4h	0.01988	long leg	$792K	$246K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.01987	−0.050%	$1.1M	$115K	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	0.01989	+0.050%	$583K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01989	+0.050%	$822K	$420K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01989	+0.050%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01987	−0.029%	$1K	$849	—	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.503%	$1K	$212	5.5x	as long as short