Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1330%/8h= −145.7% APRpaid last 24h −0.118%

Price spread now: MEXC against dYdX+0.114%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 MEXC

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. MEXC is 0.114% dearer against dYdX than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.02009	0.1430	pay 0.0179% / 1h	59m 09s	$26K	$328	5x
Short	MEXC BLUR_USDT	0.02011	0.0100	get 0.0050% / 4h	3h 59m	$1.1M	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$279.39
Price spread: +0.114% → 0.000%: $11.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$282.03
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.48 bp	4.5 bp −$4	32.4 bp −$324	128.8 bp −$12.9K	179.8 bp −$89.9K

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	−0.0740%	1h	0.02000	−0.436%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.534%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02009	+0.034%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02011	+0.135%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02010	+0.064%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02012	+0.158%	$1.3M	$973K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02012	+0.163%	$981K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02013	+0.213%	$800K	$244K	50x	as long as short
MEXC BLUR_USDTshort	+0.0100%	4h	0.02011	+0.114%	$1.1M	$115K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.02014	+0.263%	$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	0.02013	+0.213%	$834K	$441K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02012	+0.163%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02013	+0.227%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0132%	4h	0.02009	+0.014%	$362K	$2K	50x	as long as short
dYdX BLUR-USDlong	+0.1430%	1h	0.02009	long leg	$26K	$328	5x