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: OKX against BingX+0.050%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1001.004% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.050%, 7d avg −0.065%

Together, before fees−0.170%−$17 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: OKX is 0.115% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01995	0.0100	pay 0.0050% / 4h	1h 22m	—	$13.2M	—
Short	OKX BLUR-USDT-SWAP	0.01996	0.0100	get 0.0050% / 4h	1h 22m	$955K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.065%: $11.51
Slippage, 4 orders: −$80.35
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.84
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	5.03 bp	25.4 bp −$25	60.7 bp −$607	683.5 bp −$68.3K	997.9 bp −$498.9K
Sell OKX live order book, 4 min ago	2.51 bp	19.3 bp −$19	385.2 bp −$3,852	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	−0.1287%	1h	0.01994	−0.027%	$12K	$5K	10x	as long as short
BloFin BLUR-USDT	+0.0042%	4h	0.01997	+0.100%	$355K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01994	−0.045%	$1.3M	$410K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01994	−0.047%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01996	+0.074%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01997	+0.115%	$1.3M	$973K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01996	+0.050%	$955K	$1.6M	20x
Gate BLUR_USDT	+0.0100%	4h	0.01996	+0.050%	$796K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01996	+0.050%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01997	+0.100%	$585K	$96K	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	0.01995	0.000%	$824K	$428K	50x	as long as short
BingX BLUR-USDTlong	+0.0100%	4h	0.01995	long leg	—	$13.2M	—
Variational Omni BLUR	+0.0100%	8h	0.01991	−0.188%	$1K	$849	—	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.150%	$1K	$212	5.5x	as long as short
dYdX BLUR-USD	+0.1051%	1h	0.01985	−0.514%	$26K	—	5x	as long as short