Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Bybit−0.105%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1681.676% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.105%, 7d avg −0.014%

Together, before fees+0.121%+$12 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: MEXC is 0.091% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.02007	0.0100	pay 0.0100% / 8h	7h 12m	$1.3M	$971K	25x
Short	MEXC BLUR_USDT	0.02005	0.0100	get 0.0050% / 4h	3h 12m	$1.1M	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.014%: −$9.11
Slippage, 4 orders: −$152.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$176.71
Costs to cover: 1.676%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	3.99 bp	87.0 bp −$87	182.4 bp −$1,824	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.99 bp	7.0 bp −$7	43.7 bp −$437	134.2 bp −$13.4K	183.7 bp −$91.8K

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	−0.0737%	1h	0.02009	+0.080%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.453%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02003	−0.199%	$1.4M	$433K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02006	−0.066%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02005	−0.105%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.02007	long leg	$1.3M	$971K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02006	−0.055%	$983K	$1.7M	20x	as long as short
MEXC BLUR_USDTshort	+0.0100%	4h	0.02005	−0.105%	$1.1M	$117K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.02006	−0.055%	$582K	$100K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02007	−0.005%	$830K	$461K	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	0.02006	−0.055%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02000	−0.344%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0155%	4h	0.02003	−0.204%	$352K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0507%	1h	0.01999	−0.404%	$26K	$328	5x	as long as short
Gate BLUR_USDT	+0.0510%	4h	0.02007	−0.005%	$800K	$261K	50x	as long as short