Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.284%

Price spread now: Kraken Futures against Binance−0.786%7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.786% cheaper against Binance than usual: you would sell low and buy high (−$79 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.01977	0.0100	pay 0.0050% / 4h	2h 28m	$1.9M	$3.4M	50x
Short	Kraken Futures PF_BLURUSD	0.01961	0.0014	get 0.0002% / 1h	28m 55s	$12K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.786%Rate

Funding earned: −$18.07
Price spread: −0.786% → 0.000%: −$78.65
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$116.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Kraken Futures: 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, 7 min ago	2.49 bp	24.7 bp −$25	150.3 bp −$1,503	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Kraken Futures PF_BLURUSDshort	+0.0014%	1h	0.01961	−0.786%	$12K	$6K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+1.062%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0041%	4h	0.01974	−0.152%	$355K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01973	−0.177%	$1.3M	$394K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01978	+0.038%	$4K	$2K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01977	long leg	$1.9M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01976	−0.030%	$1.2M	$963K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01972	−0.253%	$947K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01978	+0.051%	$788K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01975	−0.101%	$1.1M	$118K	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	0.01980	+0.152%	$580K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01977	0.000%	$816K	$419K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01978	+0.051%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02008	+1.553%	$1K	$2	—	as long as short
dYdX BLUR-USD	+0.0155%	1h	0.01982	+0.243%	$26K	—	5x	as long as short