Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0867%/8h= −95.0% APRpaid last 24h −0.122%

Price spread now: Binance against dYdX+0.567%49s7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Binance is 0.567% dearer against dYdX than usual: you sell high and buy low (spread +0.567% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2.2 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.01985	0.0967	pay 0.0121% / 1h	22m 54s	$26K	—	5x
Short	Binance BLURUSDT	0.01996	0.0100	get 0.0050% / 4h	1h 22m	$2.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.567%Rate

Funding earned: −$182.12
Price spread: +0.567% → 0.000%: $56.72
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$145.39
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 13 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	2.51 bp	28.8 bp −$29	133.8 bp −$1,338	doesn't fit	doesn't fit

dYdX: 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	−0.1287%	1h	0.01994	+0.490%	$12K	$5K	10x	as long as short
BloFin BLUR-USDT	+0.0042%	4h	0.01997	+0.618%	$355K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01994	+0.471%	$1.3M	$410K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01994	+0.465%	$4K	$2K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01996	+0.567%	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01996	+0.572%	$1.3M	$973K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01996	+0.567%	$955K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01996	+0.567%	$796K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01996	+0.567%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01997	+0.618%	$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	0.01995	+0.517%	$824K	$428K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01995	+0.517%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01991	+0.328%	$1K	$849	—	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.668%	$1K	$212	5.5x	as long as short
dYdX BLUR-USDlong	+0.0967%	1h	0.01985	long leg	$26K	—	5x