Funding arb · Price arb /

BLUR

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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: Variational Omni against BingX−0.089%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.089% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01981	0.0100	pay 0.0050% / 4h	2h 55m	—	$13.7M	—
Short	Variational Omni BLUR	0.01979	0.0100	get 0.0100% / 8h	6h 55m	$1K	$849	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → 0.000%: −$8.87
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: 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 BingX live order book, 12 min ago	4.98 bp	31.2 bp −$31	71.9 bp −$719	650.0 bp −$65.0K	1005.1 bp −$502.5K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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_BLURUSD	−0.3642%	1h	0.01967	−0.719%	$13K	$6K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01981	+0.020%	$25K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.858%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01978	−0.177%	$1.3M	$434K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01981	+0.020%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	−0.101%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.061%	$1.3M	$984K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01979	−0.101%	$973K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01979	−0.101%	$1.1M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01981	0.000%	$575K	$101K	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	0.01981	0.000%	$818K	$471K	50x	as long as short
BingX BLUR-USDTlong	+0.0100%	4h	0.01981	long leg	—	$13.7M	—
Variational Omni BLURshort	+0.0100%	8h	0.01979	−0.089%	$1K	$849	—
BloFin BLUR-USDT	+0.0126%	4h	0.01985	+0.202%	$368K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0326%	4h	0.01984	+0.151%	$792K	$259K	50x	as long as short