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: OKX against Bybit−0.126%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2262.257% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.126%, 7d avg −0.048%

Together, before fees+0.151%+$15 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: OKX is 0.077% cheaper against Bybit than usual: you would sell low and buy high, −$8 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	0.01991	0.0100	pay 0.0100% / 8h	1h 36m	$1.3M	$970K	25x
Short	OKX BLUR-USDT-SWAP	0.01989	0.0100	get 0.0050% / 4h	1h 36m	$952K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → −0.048%: −$7.71
Slippage, 4 orders: −$204.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$233.44
Costs to cover: 2.257%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	5.01 bp	109.9 bp −$110	187.4 bp −$1,874	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.51 bp	34.6 bp −$35	374.9 bp −$3,749	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	−0.1290%	1h	0.01989	−0.102%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01987	−0.236%	$1.3M	$408K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01992	+0.007%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01989	−0.142%	$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-SWAPshort	+0.0100%	4h	0.01989	−0.126%	$952K	$1.6M	20x
Gate BLUR_USDT	+0.0100%	4h	0.01994	+0.126%	$795K	$247K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01989	−0.126%	$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	0.01992	+0.025%	—	$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-USD	+0.1190%	1h	0.01993	+0.061%	$26K	—	5x	as long as short