BLUR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.010%

Price spread now: Injective against Hyperliquid−0.255%93s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: 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 Injective is 0.255% cheaper against Hyperliquid than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BLUR	0.02003	0.0100	pay 0.0013% / 1h	11m 45s	$1.4M	$433K	3x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	11m 45s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.255%Rate

Funding earned: −$14
Price spread: −0.255% → 0.000%: −$25.46
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$48.48
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Injective: no order-book sample. 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, 9 min ago	1.00 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0737%	1h	0.02007	+0.197%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	−0.255%	$1K	$212	5.5x
Hyperliquid BLURlong	+0.0100%	1h	0.02003	long leg	$1.4M	$433K	3x
Aster BLURUSDT	+0.0100%	4h	0.02006	+0.129%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02004	+0.070%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02006	+0.140%	$1.3M	$971K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02007	+0.195%	$983K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02005	+0.095%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02006	+0.145%	$582K	$100K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02007	+0.195%	$830K	$461K	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	0.02006	+0.145%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02000	−0.145%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0155%	4h	0.02003	−0.005%	$352K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0510%	4h	0.02007	+0.195%	$800K	$261K	50x	as long as short
dYdX BLUR-USD	+0.0548%	1h	0.01999	−0.205%	$26K	$328	5x	as long as short