Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0441%/8h= +48.3% APRpaid last 24h +0.133%

Price spread now: dYdX against Binance−0.066%49s7-day average — · you buy dearer than you sell

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.066% cheaper against Binance than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 12 hours of funding at the current rate (+$13 a day). The two prices were read 49 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	Binance BLURUSDT	0.01999	0.0100	pay 0.0050% / 4h	2h 26m	$2.0M	$3.7M	50x
Short	dYdX BLUR-USD	0.01998	0.0541	get 0.0068% / 1h	26m 56s	$26K	$328	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $92.68
Price spread: −0.066% → 0.000%: −$6.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $66.08
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: Binance: live order book, 9 min ago; dYdX: 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 Binance live order book, 9 min ago	2.50 bp	25.8 bp −$26	118.0 bp −$1,180	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 14 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	−0.3581%	1h	0.02000	+0.060%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.049%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01996	−0.139%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01998	−0.034%	$5K	$4K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01999	long leg	$2.0M	$3.7M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01999	+0.021%	$1.3M	$995K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02000	+0.051%	$990K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01998	−0.049%	$1.1M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02000	+0.051%	$585K	$106K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01999	+0.001%	$826K	$480K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01998	−0.049%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02002	+0.133%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0366%	4h	0.02001	+0.101%	$798K	$267K	50x	as long as short
dYdX BLUR-USDshort	+0.0541%	1h	0.01998	−0.066%	$26K	$328	5x