Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni−0.207%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.207% cheaper against Variational Omni than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BLUR	0.02006	0.0100	pay 0.0100% / 8h	37m 43s	$1K	$849	—
Short	Hyperliquid BLUR	0.02002	0.0048	get 0.0006% / 1h	37m 43s	$1.4M	$424K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$10.84
Price spread: −0.207% → 0.000%: −$20.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$40.52
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	1.00 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0628%	1h	0.02004	−0.078%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.401%	$1K	$212	5.5x	as long as short
Hyperliquid BLURshort	+0.0048%	1h	0.02002	−0.207%	$1.4M	$424K	3x
Aster BLURUSDT	+0.0100%	4h	0.02003	−0.128%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02003	−0.152%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02005	−0.072%	$1.3M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02003	−0.152%	$965K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02007	+0.047%	$801K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02003	−0.152%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02008	+0.097%	$588K	$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	0.02007	+0.047%	$829K	$434K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02005	−0.052%	—	$13.2M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.02006	long leg	$1K	$849	—
BloFin BLUR-USDT	+0.0131%	4h	0.02004	−0.102%	$349K	$2K	50x	as long as short
dYdX BLUR-USD	+0.3431%	1h	0.02006	+0.017%	$26K	$328	5x	as long as short