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: BingX against Bybit+0.075%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1931.928% of the position

Long on Bybit Short on BingX

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−0.147%−$15 · spread now +0.075%, 7d avg −0.008%

Together, before fees−0.043%−$4 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: BingX is 0.083% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01998	0.0100	pay 0.0100% / 8h	6h 30m	$1.3M	$997K	25x
Short	BingX BLUR-USDT	0.02000	0.0100	get 0.0050% / 4h	2h 30m	—	$13.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.008%: $8.28
Slippage, 4 orders: −$171.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$184.51
Costs to cover: 1.928%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 3 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 Bybit live order book, 1 min ago	2.00 bp	84.8 bp −$85	184.0 bp −$1,840	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	9.99 bp	16.7 bp −$17	72.2 bp −$722	698.1 bp −$69.8K	1091.0 bp −$545.5K

BLUR on 14 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	−0.3578%	1h	0.02002	+0.179%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.025%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01999	+0.015%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01998	−0.001%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01999	+0.010%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01998	long leg	$1.3M	$997K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02001	+0.125%	$989K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01998	−0.025%	$1.1M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02000	+0.075%	$585K	$106K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01999	+0.025%	$826K	$480K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDTshort	+0.0100%	4h	0.02000	+0.075%	—	$13.5M	—
Variational Omni BLUR	+0.0100%	8h	0.02002	+0.157%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0364%	4h	0.01999	+0.025%	$797K	$266K	50x	as long as short
dYdX BLUR-USD	+0.0597%	1h	0.02002	+0.159%	$26K	$328	5x	as long as short