Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0699%/8h= +76.6% APRpaid last 24h −0.020%

Price spread now: Injective against Gate+0.251%69s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Injective is 0.251% dearer against Gate than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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	Gate BLUR_USDT	0.01993	0.0100	pay 0.0050% / 4h	1h 44m	$794K	$247K	50x
Short	Injective BLUR/USDC PERP	0.01998	0.0799	get 0.0100% / 1h	44m 07s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.251%Rate

Funding earned: $146.89
Price spread: +0.251% → 0.000%: $25.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $156.95
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 38 min ago; Injective: 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 Gate live order book, 38 min ago	5.01 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.1288%	1h	0.01992	−0.045%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01989	−0.191%	$1.3M	$404K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01990	−0.127%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01992	−0.051%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01993	+0.005%	$1.3M	$969K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01991	−0.100%	$953K	$1.6M	20x	as long as short
Gate BLUR_USDTlong	+0.0100%	4h	0.01993	long leg	$794K	$247K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.01991	−0.100%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01992	−0.050%	$584K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01992	−0.050%	$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	0.01992	−0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01990	−0.145%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0112%	4h	0.01987	−0.301%	$356K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0198%	1h	0.01984	−0.452%	$26K	—	5x	as long as short
Injective BLUR/USDC PERPshort	+0.0799%	1h	0.01998	+0.251%	$1K	$212	5.5x