Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate−0.149%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.149%, 7d avg −0.060%

Together, before fees+0.039%+$4 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: MEXC is 0.089% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BLUR_USDT	0.02010	0.0100	pay 0.0050% / 4h	2h 35m	$797K	$244K	50x
Short	MEXC BLUR_USDT	0.02007	0.0100	get 0.0050% / 4h	2h 35m	$1.1M	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.060%: −$8.94
Slippage, 4 orders: −$73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$100.94
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; MEXC: live order book, 5 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, 50 min ago	4.97 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.49 bp	4.5 bp −$4	37.9 bp −$379	130.0 bp −$13.0K	169.3 bp −$84.6K

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	+0.0014%	1h	0.02007	−0.142%	$12K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01880	−6.468%	$1K	$18K	5.5x	as long as short
dYdX BLUR-USD	+0.0096%	1h	0.02004	−0.299%	$26K	—	5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02007	−0.154%	$1.4M	$187K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02007	−0.137%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02007	−0.129%	$1.9M	$3.1M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02007	−0.129%	$1.3M	$952K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02008	−0.100%	$960K	$1.6M	20x	as long as short
Gate BLUR_USDTlong	+0.0100%	4h	0.02010	long leg	$797K	$244K	50x
MEXC BLUR_USDTshort	+0.0100%	4h	0.02007	−0.149%	$1.1M	$117K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02009	−0.050%	$588K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02008	−0.100%	$829K	$415K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02007	−0.149%	—	$13.1M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02007	−0.171%	$1K	$2	—	as long as short
BloFin BLUR-USDT	+0.0138%	4h	0.02008	−0.100%	$348K	$2K	50x	as long as short