Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Bybit−0.117%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.117% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

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	9m 08s	$1.3M	$969K	25x
Short	Variational Omni BLUR	0.02003	0.0100	get 0.0100% / 8h	9m 08s	$1K	$849	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → 0.000%: −$11.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.67
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: 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	2.99 bp	117.1 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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_BLURUSD	−0.0627%	1h	0.02008	+0.124%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.374%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0096%	1h	0.02004	−0.090%	$1.4M	$428K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02001	−0.203%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02004	−0.051%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.02005	long leg	$1.3M	$969K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02007	+0.075%	$977K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02005	−0.025%	$797K	$252K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02004	−0.075%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02006	+0.025%	$585K	$97K	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	0.02006	+0.025%	$829K	$439K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02003	−0.125%	—	$13.2M	—	as long as short
Variational Omni BLURshort	+0.0100%	8h	0.02003	−0.117%	$1K	$849	—
BloFin BLUR-USDT	+0.0158%	4h	0.02001	−0.224%	$354K	$2K	50x	as long as short
dYdX BLUR-USD	+0.1441%	1h	0.02004	−0.075%	$26K	$328	5x	as long as short