Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Bybit against Gate+0.050%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2612.613% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.050%, 7d avg −0.048%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BLUR_USDT	0.01992	0.0100	pay 0.0050% / 4h	1h 44m	$794K	$247K	50x
Short	Bybit BLURUSDT	0.01993	0.0100	get 0.0100% / 8h	1h 44m	$1.3M	$969K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.048%: $9.85
Slippage, 4 orders: −$235.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$251.44
Costs to cover: 2.613%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Bybit: live order book, 1 min ago.

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 Gate live order book, 37 min ago	5.01 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.51 bp	54.8 bp −$55	179.9 bp −$1,799	doesn't fit	doesn't fit

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	−0.1288%	1h	0.01992	+0.005%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01989	−0.141%	$1.3M	$404K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01990	−0.097%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01991	−0.050%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01993	+0.050%	$1.3M	$969K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01991	−0.050%	$953K	$1.6M	20x	as long as short
Gate BLUR_USDTlong	+0.0100%	4h	0.01992	long leg	$794K	$247K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.01991	−0.050%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01992	0.000%	$584K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01992	0.000%	$823K	$424K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01991	−0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01990	−0.095%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0112%	4h	0.01987	−0.251%	$356K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0198%	1h	0.01984	−0.402%	$26K	—	5x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.301%	$1K	$212	5.5x	as long as short