Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1297%/8h= −142.0% APRpaid last 24h −0.124%

Price spread now: Bybit against dYdX+0.245%7-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 Bybit

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. Bybit is 0.245% dearer against dYdX than usual: you sell high and buy low (spread +0.245% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.02004	0.1397	pay 0.0175% / 1h	7m 06s	$26K	$328	5x
Short	Bybit BLURUSDT	0.02009	0.0100	get 0.0100% / 8h	7m 06s	$1.3M	$972K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.245%Rate

Funding earned: −$272.37
Price spread: +0.245% → 0.000%: $24.45
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$268.91
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.99 bp	44.2 bp −$44	doesn't fit	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	−0.0626%	1h	0.02009	+0.227%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.299%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02006	+0.080%	$1.4M	$429K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02004	−0.006%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02006	+0.112%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.02009	+0.245%	$1.3M	$972K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02008	+0.200%	$980K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02009	+0.250%	$799K	$252K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02006	+0.100%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02009	+0.250%	$586K	$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	+0.100%	$829K	$437K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02007	+0.150%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02003	−0.042%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0153%	4h	0.02009	+0.250%	$355K	$2K	50x	as long as short
dYdX BLUR-USDlong	+0.1397%	1h	0.02004	long leg	$26K	$328	5x