Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid+0.301%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1141.143% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.301%, 7d avg +0.028%

Together, before fees−0.247%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 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: Bitget is 0.273% dearer against Hyperliquid than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.01992	0.0100	pay 0.0013% / 1h	5m 28s	$1.4M	$427K	3x
Short	Bitget BLURUSDT	0.01998	0.0100	get 0.0050% / 4h	5m 28s	$826K	$496K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.301%Rate

Funding earned: $0
Price spread: +0.301% → +0.028%: $27.31
Slippage, 4 orders: −$93.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.97
Costs to cover: 1.143%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 50 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, 5 min ago	1.00 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	7.54 bp	36.8 bp −$37	305.4 bp −$3,054	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.301%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0084%	4h	0.01995	+0.151%	$367K	$2K	50x	as long as short
Hyperliquid BLURlong	+0.0100%	1h	0.01992	long leg	$1.4M	$427K	3x
Aster BLURUSDT	+0.0100%	4h	0.01997	+0.266%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01993	+0.055%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01994	+0.090%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01994	+0.100%	$984K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01993	+0.050%	$1.0M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01998	+0.301%	$583K	$126K	30x	as long as short
Bitget BLURUSDTshort	+0.0100%	4h	0.01998	+0.301%	$826K	$496K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01996	+0.201%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01992	+0.005%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0390%	4h	0.01997	+0.251%	$799K	$265K	50x	as long as short
dYdX BLUR-USD	+0.0523%	1h	0.01997	+0.231%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.5457%	1h	0.02000	+0.382%	$12K	$6K	10x	as long as short