Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%

Price spread now: BingX against Injective−0.400%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BingX

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

Funding pays, the price is against you. BingX is 0.400% cheaper against Injective than usual: you would sell low and buy high (spread −0.400% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 20 days of funding at the current rate (+$2 a day).

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	18m 28s	$1K	$212	5.5x
Short	BingX BLUR-USDT	0.01990	0.0100	get 0.0050% / 4h	3h 18m	—	$13.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.400%Rate

Funding earned: $14
Price spread: −0.400% → 0.000%: −$40.04
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.06
Costs to cover: 0.100%
Break-even: 25.0 days

Slippage unknown: Injective: no order-book sample; BingX: 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 BingX live order book, 5 min ago	7.51 bp	29.9 bp −$30	87.3 bp −$873	650.2 bp −$65.0K	982.8 bp −$491.4K

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	−0.0741%	1h	0.01996	−0.077%	$13K	$5K	10x	as long as short
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.01986	−0.581%	$1.3M	$432K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01994	−0.218%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01988	−0.486%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01988	−0.501%	$1.3M	$981K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01990	−0.400%	$973K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01988	−0.501%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01995	−0.150%	$579K	$100K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01990	−0.400%	$823K	$460K	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-USDTshort	+0.0100%	4h	0.01990	−0.400%	—	$13.7M	—
Variational Omni BLUR	+0.0100%	8h	0.01995	−0.144%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0152%	4h	0.01995	−0.150%	$353K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0446%	1h	0.01999	+0.050%	$26K	$328	5x	as long as short
Gate BLUR_USDT	+0.0476%	4h	0.01993	−0.250%	$795K	$259K	50x	as long as short