Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.007%

Price spread now: BloFin against Bybit+0.071%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2202.197% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.415%+$42 · spread now +0.071%, 7d avg +0.024%

Together, before fees+0.443%+$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.047% dearer against Bybit than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.024%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01986	0.0100	pay 0.0100% / 8h	5h 40m	$1.3M	$1.0M	25x
Short	BloFin BLUR-USDT	0.01987	0.0060	get 0.0030% / 4h	1h 40m	$361K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$8.48
Price spread: +0.071% → +0.024%: $4.67
Slippage, 4 orders: −$196.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$223.48
Costs to cover: 2.197%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 84 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, 5 min ago	4.28 bp	97.8 bp −$98	184.5 bp −$1,845	doesn't fit	doesn't fit
Sell BloFin live order book, 84 min ago	2.49 bp	28.3 bp −$28	76.6 bp −$766	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	−2.9532%	1h	0.01995	+0.470%	$13K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.624%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDTshort	+0.0060%	4h	0.01987	+0.071%	$361K	$2K	50x
Hyperliquid BLUR	+0.0100%	1h	0.01984	−0.086%	$1.4M	$439K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01987	+0.071%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01985	−0.029%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01986	long leg	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01985	−0.030%	$982K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01985	−0.030%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01989	+0.171%	$575K	$119K	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	0.01985	−0.030%	$820K	$489K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01984	−0.081%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01985	−0.037%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0108%	4h	0.01989	+0.171%	$795K	$264K	50x	as long as short
dYdX BLUR-USD	+0.0290%	1h	0.01986	+0.002%	$26K	$328	5x	as long as short