Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Binance against Injective+0.050%107s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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 +$2 a day on $10k at the current rate, and Binance is 0.050% dearer against Injective than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 107 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	Injective BLUR/USDC PERP	0.01998	0.0033	pay 0.0004% / 1h	31m 32s	$1K	$212	5.5x
Short	Binance BLURUSDT	0.01999	0.0100	get 0.0050% / 4h	31m 32s	$2.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.050%Rate

Funding earned: $14
Price spread: +0.050% → 0.000%: $5.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $8.99
Costs to cover: 0.100%
Break-even: 2.5 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 5 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	2.50 bp	25.8 bp −$26	137.8 bp −$1,378	doesn't fit	doesn't fit

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	−0.0630%	1h	0.01998	+0.020%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
Hyperliquid BLUR	+0.0080%	1h	0.01998	+0.010%	$1.4M	$425K	3x	as long as short
BloFin BLUR-USDT	+0.0083%	4h	0.01999	+0.050%	$348K	$2K	50x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01999	+0.046%	$4K	$3K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01999	+0.050%	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01999	+0.045%	$1.3M	$967K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01998	0.000%	$962K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02001	+0.150%	$797K	$250K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01999	+0.050%	$1.1M	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02002	+0.200%	$587K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02000	+0.100%	$826K	$437K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02000	+0.100%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02002	+0.216%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.2573%	1h	0.01996	−0.082%	$26K	$328	5x	as long as short