Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.122%

Price spread now: Variational Omni against dYdX−0.116%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 pays, the price is against you. Variational Omni is 0.116% cheaper against dYdX than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.01991	0	get 0.0000% / 1h	53m 05s	$26K	—	5x
Short	Variational Omni BLUR	0.01989	0.0100	get 0.0100% / 8h	1h 53m	$1K	$849	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.116%Rate

Funding earned: $21
Price spread: −0.116% → 0.000%: −$11.55
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.55
Costs to cover: 0.100%
Break-even: 7.2 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

dYdX and 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	−0.1290%	1h	0.01989	−0.079%	$12K	$7K	10x	as long as short
dYdX BLUR-USDlong	0.0000%	1h	0.01991	long leg	$26K	—	5x
Hyperliquid BLUR	+0.0100%	1h	0.01981	−0.506%	$1.3M	$401K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01987	−0.202%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01984	−0.346%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01987	−0.215%	$1.3M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01984	−0.346%	$951K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01988	−0.145%	$792K	$246K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01984	−0.346%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01988	−0.145%	$583K	$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	0.01986	−0.245%	$821K	$420K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01987	−0.195%	—	$13.3M	—	as long as short
Variational Omni BLURshort	+0.0100%	8h	0.01989	−0.116%	$1K	$849	—
BloFin BLUR-USDT	+0.0125%	4h	0.01983	−0.396%	$348K	$2K	50x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.358%	$1K	$212	5.5x	as long as short