Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1090%/8h= +119.3% APRpaid last 24h +0.128%

Price spread now: dYdX against Bybit+0.061%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and dYdX is 0.061% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread 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	Bybit BLURUSDT	0.01991	0.0100	pay 0.0100% / 8h	1h 36m	$1.3M	$970K	25x
Short	dYdX BLUR-USD	0.01993	0.1190	get 0.0149% / 1h	36m 20s	$26K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $228.84
Price spread: +0.061% → 0.000%: $6.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: $213.97
Costs to cover: 0.210%
Break-even: 0.5 days

Slippage unknown: Bybit: live order book, 4 min ago; dYdX: 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 Bybit live order book, 4 min ago	5.01 bp	109.9 bp −$110	187.4 bp −$1,874	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1290%	1h	0.01989	−0.102%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01987	−0.226%	$1.3M	$408K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01992	+0.012%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01989	−0.113%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01991	long leg	$1.3M	$970K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01989	−0.126%	$952K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01994	+0.126%	$795K	$247K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01991	−0.025%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01993	+0.075%	$584K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01992	+0.025%	$823K	$424K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01993	+0.075%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01996	+0.232%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0113%	4h	0.01992	+0.025%	$364K	$2K	50x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.326%	$1K	$212	5.5x	as long as short
dYdX BLUR-USDshort	+0.1190%	1h	0.01993	+0.061%	$26K	—	5x