Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Hyperliquid+0.152%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days−0.152%−$15 · spread now +0.152%, 7d avg +0.042%

Together, before fees−0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 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: Binance is 0.110% dearer against Hyperliquid than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.01980	0.0100	pay 0.0013% / 1h	56m 59s	$1.3M	$434K	3x
Short	Binance BLURUSDT	0.01984	0.0100	get 0.0050% / 4h	2h 56m	$2.0M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.042%: $11.02
Slippage, 4 orders: −$83.91
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$91.89
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Binance: live order book, 9 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, 3 min ago	1.76 bp	18.8 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.49 bp	23.8 bp −$24	129.1 bp −$1,291	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	−0.3629%	1h	0.01974	−0.332%	$13K	$6K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01985	+0.210%	$25K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.884%	$1K	$212	5.5x	as long as short
Hyperliquid BLURlong	+0.0100%	1h	0.01980	long leg	$1.3M	$434K	3x
Aster BLURUSDT	+0.0100%	4h	0.01986	+0.256%	$4K	$3K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01984	+0.152%	$2.0M	$3.6M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01984	+0.177%	$1.3M	$977K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01982	+0.076%	$974K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01982	+0.076%	$1.1M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	+0.278%	$577K	$101K	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	0.01984	+0.177%	$820K	$471K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01983	+0.126%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01991	+0.510%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0126%	4h	0.01985	+0.227%	$368K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0386%	4h	0.01988	+0.379%	$793K	$258K	50x	as long as short