Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.5% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against MEXC−0.090%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.090%, 7d avg −0.002%

Together, before fees+0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.088% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01998	0.0100	pay 0.0050% / 4h	33m 40s	$1.1M	$117K	20x
Short	Hyperliquid BLUR	0.01996	0.0078	get 0.0010% / 1h	33m 40s	$1.4M	$425K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$4.71
Price spread: −0.090% → −0.002%: −$8.84
Slippage, 4 orders: −$40.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$66.79
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 7 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 MEXC live order book, 2 min ago	2.50 bp	4.5 bp −$5	23.2 bp −$232	120.2 bp −$12.0K	168.9 bp −$84.5K
Sell Hyperliquid live order book, 7 min ago	1.00 bp	27.9 bp −$28	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	−0.0630%	1h	0.01996	−0.082%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	0.000%	$1K	$212	5.5x	as long as short
Hyperliquid BLURshort	+0.0078%	1h	0.01996	−0.090%	$1.4M	$425K	3x
BloFin BLUR-USDT	+0.0085%	4h	0.01999	+0.050%	$348K	$2K	50x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01997	−0.050%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01999	+0.050%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01998	+0.010%	$1.3M	$969K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01999	+0.050%	$963K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02000	+0.100%	$797K	$250K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01998	long leg	$1.1M	$117K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02001	+0.150%	$586K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01999	+0.050%	$825K	$437K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02000	+0.100%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02002	+0.216%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.2771%	1h	0.01996	−0.082%	$26K	$328	5x	as long as short