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 −0.005%

Price spread now: Binance against BingX−0.126%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.126%, 7d avg −0.013%

Together, before fees+0.041%+$4 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: Binance is 0.114% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01983	0.0100	pay 0.0050% / 4h	1h 49m	—	$13.3M	—
Short	Binance BLURUSDT	0.01980	0.0100	get 0.0050% / 4h	1h 49m	$2.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → −0.013%: −$11.37
Slippage, 4 orders: −$75.77
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.14
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Binance: 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 BingX live order book, 4 min ago	7.56 bp	25.7 bp −$26	62.0 bp −$620	640.7 bp −$64.1K	988.0 bp −$494.0K
Sell Binance live order book, 1 min ago	2.53 bp	25.6 bp −$26	127.6 bp −$1,276	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	−0.1292%	1h	0.01986	+0.160%	$12K	$7K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01989	+0.294%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0063%	4h	0.01983	0.000%	$349K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01979	−0.202%	$1.3M	$401K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01982	−0.041%	$4K	$2K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01980	−0.126%	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01982	−0.040%	$1.2M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01982	−0.050%	$950K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01984	+0.050%	$790K	$247K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.151%	$1.1M	$116K	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	0.01984	+0.050%	$581K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01984	+0.050%	$820K	$420K	50x	as long as short
BingX BLUR-USDTlong	+0.0100%	4h	0.01983	long leg	—	$13.3M	—
Variational Omni BLUR	+0.0100%	8h	0.01983	+0.007%	$1K	$849	—	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.756%	$1K	$212	5.5x	as long as short