Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid+0.227%7-day average +0.068% · you sell dearer than you buy

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

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.227%, 7d avg +0.068%

Together, before fees−0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.159% dearer against Hyperliquid than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.01980	0.0100	pay 0.0013% / 1h	50m 14s	$1.3M	$440K	3x
Short	Gate BLUR_USDT	0.01985	0.0292	get 0.0146% / 4h	50m 14s	$793K	$262K	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 +0.227%Rate

Funding earned: $40.32
Price spread: +0.227% → +0.068%: $15.9
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $32.22
Costs to cover: 0.240%
Break-even: 1.4 days

Slippage unknown: Hyperliquid: live order book, 10 min ago; Gate: live order book, 6 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 Hyperliquid live order book, 10 min ago	1.01 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	7.52 bp	36.4 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
dYdX BLUR-USD	0.0000%	1h	0.01988	+0.379%	$26K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.884%	$1K	$212	5.5x	as long as short
Hyperliquid BLURlong	+0.0100%	1h	0.01980	long leg	$1.3M	$440K	3x
Aster BLURUSDT	+0.0100%	4h	0.01982	+0.058%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01980	−0.006%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	0.000%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01981	+0.025%	$980K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.025%	$1.0M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01984	+0.177%	$579K	$122K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01982	+0.076%	$821K	$494K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01983	+0.126%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	+0.126%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0144%	4h	0.01984	+0.177%	$364K	$2K	50x	as long as short
Gate BLUR_USDTshort	+0.0292%	4h	0.01985	+0.227%	$793K	$262K	50x
Kraken Futures PF_BLURUSD	+0.5484%	1h	0.01990	+0.468%	$12K	$8K	10x	as long as short