Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Gate against Bybit−0.050%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2452.446% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.050%, 7d avg +0.048%

Together, before fees+0.193%+$19 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: Gate is 0.098% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.02005	0.0100	pay 0.0100% / 8h	58m 20s	$1.3M	$976K	25x
Short	Gate BLUR_USDT	0.02004	0.0100	get 0.0050% / 4h	58m 20s	$798K	$247K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.048%: −$9.81
Slippage, 4 orders: −$218.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$254.4
Costs to cover: 2.446%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 18 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, 2 min ago	4.23 bp	101.0 bp −$101	185.6 bp −$1,856	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	5.01 bp	35.9 bp −$36	doesn't fit	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	−0.0628%	1h	0.02003	−0.103%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	−0.0110%	1h	0.02003	−0.120%	$1.4M	$422K	3x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.349%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0040%	4h	0.02007	+0.100%	$346K	$2K	50x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02003	−0.124%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02004	−0.050%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.02005	long leg	$1.3M	$976K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02005	0.000%	$965K	$1.6M	20x	as long as short
Gate BLUR_USDTshort	+0.0100%	4h	0.02004	−0.050%	$798K	$247K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.02004	−0.050%	$1.1M	$115K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02006	+0.050%	$588K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02005	0.000%	$828K	$429K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02006	+0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02006	+0.029%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.5321%	1h	0.01992	−0.648%	$26K	$328	5x	as long as short