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: KuCoin against Binance+0.050%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2512.511% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.335%−$33 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.050%, 7d avg +0.030%

Together, before fees−0.399%−$40 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: KuCoin is 0.020% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.01993	0.0100	pay 0.0050% / 4h	2h 24m	$2.0M	$3.4M	50x
Short	KuCoin BLURUSDTM	0.01994	0.0100	get 0.0050% / 4h	2h 24m	$585K	$96K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.030%: $2.04
Slippage, 4 orders: −$229.07
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$249.02
Costs to cover: 2.511%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 58 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, 12 min ago	2.49 bp	24.7 bp −$25	150.3 bp −$1,503	doesn't fit	doesn't fit
Sell KuCoin live order book, 58 min ago	4.98 bp	134.9 bp −$135	doesn't fit	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	+0.0014%	1h	0.01981	−0.577%	$12K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.251%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01991	−0.090%	$1.3M	$395K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01992	−0.061%	$4K	$2K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01993	long leg	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01994	+0.065%	$1.3M	$964K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01993	0.000%	$956K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01994	+0.050%	$794K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01993	0.000%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTMshort	+0.0100%	4h	0.01994	+0.050%	$585K	$96K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01991	−0.100%	$822K	$419K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01991	−0.100%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01993	−0.014%	$1K	$2	—	as long as short
dYdX BLUR-USD	+0.0133%	1h	0.01986	−0.351%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0159%	4h	0.01990	−0.151%	$359K	$2K	50x	as long as short