Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Bybit against BingX+0.106%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2332.328% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.106%, 7d avg +0.007%

Together, before fees−0.148%−$15 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 0.099% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01982	0.0100	pay 0.0050% / 4h	1h 44m	—	$13.5M	—
Short	Bybit BLURUSDT	0.01984	0.0100	get 0.0100% / 8h	5h 44m	$1.3M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.007%: $9.94
Slippage, 4 orders: −$211.77
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$222.84
Costs to cover: 2.328%
Break-even: never at this rate

Slippage from BingX: live order book, 9 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 BingX live order book, 9 min ago	7.54 bp	29.4 bp −$29	64.2 bp −$642	688.9 bp −$68.9K	1092.0 bp −$546.0K
Sell Bybit live order book, 1 min ago	4.28 bp	77.1 bp −$77	183.8 bp −$1,838	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	−2.9540%	1h	0.01994	+0.627%	$13K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.807%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01985	+0.156%	$1.4M	$439K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01982	+0.019%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01985	+0.151%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01984	+0.106%	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01986	+0.202%	$982K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01986	+0.202%	$794K	$263K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01984	+0.101%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	+0.202%	$574K	$118K	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	0.01984	+0.101%	$819K	$489K	50x	as long as short
BingX BLUR-USDTlong	+0.0100%	4h	0.01982	long leg	—	$13.5M	—
Variational Omni BLUR	+0.0100%	8h	0.01981	−0.035%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0106%	4h	0.01978	−0.202%	—	$2K	50x	as long as short
dYdX BLUR-USD	+0.0295%	1h	0.01986	+0.183%	$26K	$328	5x	as long as short