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% APRpaid last 24h −0.006%

Price spread now: Bybit against Binance−0.005%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2402.400% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.005%, 7d avg +0.023%

Together, before fees+0.007%+$1 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: Bybit is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.01988	0.0100	pay 0.0050% / 4h	1h 54m	$2.0M	$3.4M	50x
Short	Bybit BLURUSDT	0.01988	0.0100	get 0.0100% / 8h	1h 54m	$1.3M	$970K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.023%: −$2.76
Slippage, 4 orders: −$219.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$242.78
Costs to cover: 2.400%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 1 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, 11 min ago	2.51 bp	16.1 bp −$16	104.3 bp −$1,043	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.27 bp	87.0 bp −$87	183.1 bp −$1,831	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	−0.1290%	1h	0.01990	+0.084%	$12K	$7K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01991	+0.145%	$26K	—	5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01985	−0.136%	$1.3M	$401K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01987	−0.035%	$4K	$2K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01988	long leg	$2.0M	$3.4M	50x
Bybit BLURUSDTshort	+0.0100%	8h	0.01988	−0.005%	$1.3M	$970K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01987	−0.050%	$952K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01989	+0.050%	$792K	$246K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01987	−0.050%	$1.1M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01988	0.000%	$583K	$97K	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	0.01989	+0.050%	$822K	$420K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01987	−0.050%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01989	+0.029%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0121%	4h	0.01989	+0.050%	$349K	$2K	50x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.503%	$1K	$212	5.5x	as long as short