Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against OKX−0.144%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$990.992% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.144%, 7d avg +0.034%

Together, before fees+0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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 0.179% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.02007	0.0100	pay 0.0050% / 4h	3h 10m	$983K	$1.7M	20x
Short	Hyperliquid BLUR	0.02004	0.0100	get 0.0013% / 1h	10m 01s	$1.4M	$433K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → +0.034%: −$17.86
Slippage, 4 orders: −$80.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$117.06
Costs to cover: 0.992%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 10 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 OKX live order book, 2 min ago	4.99 bp	27.3 bp −$27	717.4 bp −$7,174	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.00 bp	34.0 bp −$34	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	−0.0738%	1h	0.02005	−0.088%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.448%	$1K	$212	5.5x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.02004	−0.144%	$1.4M	$433K	3x
Aster BLURUSDT	+0.0100%	4h	0.02006	−0.041%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02007	−0.011%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02007	+0.005%	$1.3M	$972K	25x	as long as short
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.02007	long leg	$983K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.02005	−0.100%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02008	+0.050%	$583K	$101K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02006	−0.050%	$828K	$464K	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	0.02007	0.000%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02006	−0.046%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0102%	4h	0.02003	−0.199%	$352K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0532%	4h	0.02007	0.000%	$800K	$261K	50x	as long as short
dYdX BLUR-USD	+0.0577%	1h	0.01999	−0.399%	$26K	$328	5x	as long as short