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: Gate against Hyperliquid+0.135%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1511.509% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.135%, 7d avg +0.063%

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: Gate is 0.072% dearer against Hyperliquid than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.01999	0.0100	pay 0.0013% / 1h	3m 03s	$1.4M	$419K	3x
Short	Gate BLUR_USDT	0.02002	0.0100	get 0.0050% / 4h	1h 03m	$798K	$249K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.063%: $7.22
Slippage, 4 orders: −$126.86
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$143.64
Costs to cover: 1.509%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Gate: live order book, 14 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, 7 min ago	1.51 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	5.01 bp	35.9 bp −$36	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	−0.1283%	1h	0.02000	+0.050%	$12K	$5K	10x	as long as short
BloFin BLUR-USDT	+0.0091%	4h	0.02002	+0.135%	$346K	$2K	50x	as long as short
Hyperliquid BLURlong	+0.0100%	1h	0.01999	long leg	$1.4M	$419K	3x
Aster BLURUSDT	+0.0100%	4h	0.01999	−0.028%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02001	+0.093%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02002	+0.145%	$1.3M	$976K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02002	+0.135%	$962K	$1.6M	20x	as long as short
Gate BLUR_USDTshort	+0.0100%	4h	0.02002	+0.135%	$798K	$249K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.02000	+0.035%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02003	+0.185%	$587K	$96K	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	0.02001	+0.085%	$826K	$429K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02001	+0.085%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01996	−0.159%	$1K	$849	—	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	−0.065%	$1K	$212	5.5x	as long as short
dYdX BLUR-USD	+0.1057%	1h	0.01992	−0.365%	$26K	—	5x	as long as short