Funding arb · Price arb /

BLUR

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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: Hyperliquid against Binance−0.135%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days+0.148%+$15 · spread now −0.135%, 7d avg −0.043%

Together, before fees+0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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: Hyperliquid is 0.093% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.01999	0.0100	pay 0.0050% / 4h	2h 25m	$2.0M	$3.7M	50x
Short	Hyperliquid BLUR	0.01996	0.0100	get 0.0013% / 1h	25m 51s	$1.4M	$436K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → −0.043%: −$9.25
Slippage, 4 orders: −$71.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$100.24
Costs to cover: 0.910%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 10 min ago	2.50 bp	25.8 bp −$26	118.0 bp −$1,180	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.50 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

BLUR on 14 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	−0.3575%	1h	0.02004	+0.230%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.050%	$1K	$212	5.5x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.01996	−0.135%	$1.4M	$436K	3x
Aster BLURUSDT	+0.0100%	4h	0.01999	−0.002%	$5K	$4K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01999	long leg	$2.0M	$3.7M	50x
Bybit BLURUSDT	+0.0100%	8h	0.02000	+0.030%	$1.3M	$995K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01999	0.000%	$991K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02001	+0.100%	$1.1M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02001	+0.100%	$585K	$106K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01999	0.000%	$826K	$480K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01999	0.000%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02001	+0.121%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0364%	4h	0.02002	+0.150%	$799K	$267K	50x	as long as short
dYdX BLUR-USD	+0.0531%	1h	0.01998	−0.067%	$26K	$328	5x	as long as short