Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.050%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.050%, 7d avg +0.002%

Together, before fees−0.073%−$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: Bitget is 0.048% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.002%.

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	35m 03s	$2.0M	$3.4M	50x
Short	Bitget BLURUSDT	0.02000	0.0100	get 0.0050% / 4h	35m 03s	$826K	$437K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.002%: $4.78
Slippage, 4 orders: −$75.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.06
Costs to cover: 0.978%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Bitget: live order book, 41 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, 1 min ago	2.50 bp	22.2 bp −$22	106.3 bp −$1,063	doesn't fit	doesn't fit
Sell Bitget live order book, 41 min ago	7.52 bp	21.9 bp −$22	112.6 bp −$1,126	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	−0.0630%	1h	0.01997	−0.118%	$12K	$5K	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 BLUR	+0.0069%	1h	0.01997	−0.120%	$1.4M	$425K	3x	as long as short
BloFin BLUR-USDT	+0.0085%	4h	0.01999	0.000%	$348K	$2K	50x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01998	−0.063%	$4K	$3K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01999	long leg	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01998	−0.025%	$1.3M	$969K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01999	0.000%	$963K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02000	+0.050%	$797K	$250K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01999	0.000%	$1.1M	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02001	+0.100%	$586K	$96K	30x	as long as short
Bitget BLURUSDTshort	+0.0100%	4h	0.02000	+0.050%	$826K	$437K	50x
BingX BLUR-USDT	+0.0100%	4h	0.02000	+0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02002	+0.166%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.3002%	1h	0.02001	+0.087%	$26K	$328	5x	as long as short