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 0.000%

Price spread now: Bybit against Bitget−0.100%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2052.051% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.266%+$27 · spread now −0.100%, 7d avg −0.011%

Together, before fees+0.201%+$20 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 0.089% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BLURUSDT	0.02005	0.0100	pay 0.0050% / 4h	1h 19m	$827K	$488K	50x
Short	Bybit BLURUSDT	0.02003	0.0100	get 0.0100% / 8h	5h 19m	$1.3M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.011%: −$8.9
Slippage, 4 orders: −$182.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$213.96
Costs to cover: 2.051%
Break-even: never at this rate

Slippage from Bitget: live order book, 41 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 Bitget live order book, 41 min ago	10.09 bp	30.5 bp −$30	196.6 bp −$1,966	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.99 bp	71.7 bp −$72	182.1 bp −$1,821	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	−2.9230%	1h	0.02016	+0.527%	$13K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.349%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02001	−0.200%	$1.4M	$440K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02003	−0.095%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02002	−0.167%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.02003	−0.100%	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02002	−0.150%	$991K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02001	−0.200%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02005	0.000%	$577K	$120K	30x	as long as short
Bitget BLURUSDTlong	+0.0100%	4h	0.02005	long leg	$827K	$488K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.02004	−0.050%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02007	+0.084%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0134%	4h	0.02004	−0.050%	$367K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0434%	4h	0.02006	+0.050%	$801K	$267K	50x	as long as short
dYdX BLUR-USD	+0.1692%	1h	0.01988	−0.868%	$26K	$328	5x	as long as short