Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni−0.566%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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.566% cheaper against Variational Omni than usual: you would sell low and buy high, −$57 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BLUR	0.01992	0.0100	pay 0.0100% / 8h	4h 51m	$1K	$849	—
Short	Hyperliquid BLUR	0.01980	0.0100	get 0.0013% / 1h	51m 42s	$1.3M	$440K	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

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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 −0.566%Rate

Funding earned: $0
Price spread: −0.566% → 0.000%: −$56.6
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: −$65.6
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 9 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, 9 min ago	1.01 bp	doesn't fit	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
dYdX BLUR-USD	0.0000%	1h	0.01988	−0.179%	$26K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.323%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0091%	4h	0.01991	−0.029%	$367K	$2K	50x	as long as short
Hyperliquid BLURshort	+0.0100%	1h	0.01980	−0.566%	$1.3M	$440K	3x
Aster BLURUSDT	+0.0100%	4h	0.01985	−0.333%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01983	−0.430%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01982	−0.481%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01983	−0.430%	$981K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01981	−0.531%	$1.0M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	−0.280%	$580K	$122K	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	0.01983	−0.430%	$822K	$494K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01985	−0.330%	—	$13.5M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.01992	long leg	$1K	$849	—
Gate BLUR_USDT	+0.0300%	4h	0.01986	−0.280%	$793K	$262K	50x	as long as short
Kraken Futures PF_BLURUSD	+0.5481%	1h	0.01991	−0.041%	$12K	$8K	10x	as long as short