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 +0.005%

Price spread now: BingX against Hyperliquid+0.131%7-day average +0.056% · 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−$100as in the Price arb table

costs, in and out, $10k−$1081.075% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days−0.125%−$12 · spread now +0.131%, 7d avg +0.056%

Together, before fees+0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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: BingX is 0.075% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.01983	0.0100	pay 0.0013% / 1h	10m 58s	$1.4M	$438K	3x
Short	BingX BLUR-USDT	0.01986	0.0100	get 0.0050% / 4h	2h 10m	—	$13.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.056%: $7.55
Slippage, 4 orders: −$88.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$99.95
Costs to cover: 1.075%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; BingX: live order book, 12 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, 10 min ago	1.76 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	7.49 bp	28.6 bp −$29	72.2 bp −$722	701.6 bp −$70.2K	1077.7 bp −$538.9K

BLUR on 14 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	−0.3604%	1h	0.01988	+0.213%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.736%	$1K	$212	5.5x	as long as short
Hyperliquid BLURlong	+0.0100%	1h	0.01983	long leg	$1.4M	$438K	3x
Aster BLURUSDT	+0.0100%	4h	0.01987	+0.182%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01986	+0.131%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01985	+0.066%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01986	+0.131%	$979K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01986	+0.131%	$1.0M	$121K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01987	+0.182%	$582K	$108K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01985	+0.081%	$819K	$485K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDTshort	+0.0100%	4h	0.01986	+0.131%	—	$13.5M	—
Variational Omni BLUR	+0.0100%	8h	0.01985	+0.068%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0248%	4h	0.01989	+0.282%	$793K	$268K	50x	as long as short
dYdX BLUR-USD	+0.0395%	1h	0.01989	+0.292%	$26K	$328	5x	as long as short