Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.002%

Price spread now: Bybit against BloFin−0.106%82s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2152.148% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.106%, 7d avg −0.017%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.088% cheaper against BloFin than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.017%). If the spread goes back, that is −$9 on $10k: about 7.5 days of funding at the current rate (+$1 a day). The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BLUR-USDT	0.01989	0.0061	pay 0.0030% / 4h	3h 11m	$344K	$2K	50x
Short	Bybit BLURUSDT	0.01987	0.0100	get 0.0100% / 8h	3h 11m	$1.2M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: $8.24
Price spread: −0.106% → −0.017%: −$8.83
Slippage, 4 orders: −$191.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$215.41
Costs to cover: 2.148%
Break-even: 189.9 days

Slippage from BloFin: live order book, 70 min ago; Bybit: 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 BloFin live order book, 70 min ago	2.51 bp	25.7 bp −$26	58.3 bp −$583	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.77 bp	64.9 bp −$65	177.3 bp −$1,773	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.452%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDTlong	+0.0061%	4h	0.01989	long leg	$344K	$2K	50x
Hyperliquid BLUR	+0.0100%	1h	0.01987	−0.101%	$1.3M	$429K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01989	+0.022%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01987	−0.084%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01987	−0.106%	$1.2M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01988	−0.050%	$988K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01990	+0.050%	$797K	$252K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01987	−0.101%	$1.0M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01990	+0.050%	$573K	$132K	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	0.01990	+0.050%	$822K	$495K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01988	−0.033%	$1K	$849	—	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01990	+0.050%	—	$13.3M	—	as long as short
dYdX BLUR-USD	+0.0286%	1h	0.01990	+0.040%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3727%	1h	0.01993	+0.225%	$12K	$6K	10x	as long as short