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: OKX against Hyperliquid+0.096%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

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

costs, in and out, $10k−$1051.055% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.096%, 7d avg −0.034%

Together, before fees−0.014%+ 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: OKX is 0.130% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.01978	0.0100	pay 0.0013% / 1h	54m 21s	$1.3M	$433K	3x
Short	OKX BLUR-USDT-SWAP	0.01980	0.0100	get 0.0050% / 4h	2h 54m	$973K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → −0.034%: $13.02
Slippage, 4 orders: −$86.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.45
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago	1.76 bp	18.8 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	5.05 bp	31.4 bp −$31	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	−0.3613%	1h	0.01983	+0.230%	$13K	$6K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01981	+0.167%	$25K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+1.006%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0056%	4h	0.01978	−0.005%	$367K	$2K	50x	as long as short
Hyperliquid BLURlong	+0.0100%	1h	0.01978	long leg	$1.3M	$433K	3x
Aster BLURUSDT	+0.0100%	4h	0.01982	+0.200%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	+0.047%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	+0.121%	$1.3M	$984K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01980	+0.096%	$973K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01980	+0.096%	$1.1M	$114K	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	0.01982	+0.197%	$575K	$101K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01981	+0.147%	$818K	$471K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01981	+0.147%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01979	+0.058%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0262%	4h	0.01984	+0.298%	$791K	$259K	50x	as long as short