Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.278%

Price spread now: Kraken Futures against Bybit−0.642%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.642% cheaper against Bybit than usual: you would sell low and buy high (−$64 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01994	0.0100	pay 0.0100% / 8h	2h 24m	$1.3M	$964K	25x
Short	Kraken Futures PF_BLURUSD	0.01981	0.0014	get 0.0002% / 1h	24m 11s	$12K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.642%Rate

Funding earned: −$18.1
Price spread: −0.642% → 0.000%: −$64.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$103.31
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Kraken Futures: 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, 2 min ago	0.25 bp	143.3 bp −$143	1085.3 bp −$10.9K	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_BLURUSDshort	+0.0014%	1h	0.01981	−0.642%	$12K	$6K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.186%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01991	−0.155%	$1.3M	$395K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01992	−0.126%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01993	−0.065%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01994	long leg	$1.3M	$964K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01993	−0.065%	$956K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01994	−0.015%	$794K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01993	−0.065%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01994	−0.015%	$585K	$96K	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	0.01991	−0.165%	$822K	$419K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01991	−0.165%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01993	−0.079%	$1K	$2	—	as long as short
dYdX BLUR-USD	+0.0133%	1h	0.01986	−0.416%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0159%	4h	0.01990	−0.216%	$359K	$2K	50x	as long as short