Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.005%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$647as in the Funding arb table

Net, price: spread back to 7d avg − costs−$639as in the Price arb table

costs, in and out, $10k−$6356.349% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.005%, 7d avg +0.044%

Together, before fees−0.240%−$24 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: KuCoin is 0.039% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01984	0.0100	pay 0.0100% / 8h	7h 50m	$1.2M	$922K	25x
Short	KuCoin BLURUSDTM	0.01984	0.0100	get 0.0050% / 4h	3h 50m	$575K	$128K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.044%: −$3.93
Slippage, 4 orders: −$611.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$638.84
Costs to cover: 6.349%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 44 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	3.28 bp	128.2 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 44 min ago	10.10 bp	295.0 bp −$295	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.711%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01982	−0.106%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01983	−0.051%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01983	−0.052%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01984	long leg	$1.2M	$922K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01984	+0.005%	$992K	$1.6M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01983	−0.045%	$1.0M	$109K	20x	as long as short
KuCoin BLURUSDTMshort	+0.0100%	4h	0.01984	+0.005%	$575K	$128K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01982	−0.096%	$772K	$529K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01983	−0.045%	—	$3.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01985	+0.046%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0154%	4h	0.01981	−0.146%	$284K	$3K	50x	as long as short
Gate BLUR_USDT	+0.0472%	4h	0.01985	+0.055%	$798K	$216K	50x	as long as short
dYdX BLUR-USD	+0.0646%	1h	0.01980	−0.217%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2675%	1h	0.01988	+0.228%	$11K	$8K	10x	as long as short