Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.004%

Price spread now: BloFin against Injective−0.851%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 BloFin

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. BloFin is 0.851% cheaper against Injective than usual: you would sell low and buy high (spread −0.851% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$85 on $10k: about 44 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	39m 15s	$1K	$212	5.5x
Short	BloFin BLUR-USDT	0.01981	0.0098	get 0.0049% / 4h	3h 39m	$349K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.851%Rate

Funding earned: $13.52
Price spread: −0.851% → 0.000%: −$85.09
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$83.59
Costs to cover: 0.120%
Break-even: 50.3 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 31 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 BloFin live order book, 31 min ago	4.99 bp	18.8 bp −$19	61.4 bp −$614	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	−0.0750%	1h	0.01974	−1.203%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
BloFin BLUR-USDTshort	+0.0098%	4h	0.01981	−0.851%	$349K	$2K	50x
Hyperliquid BLUR	+0.0100%	1h	0.01983	−0.771%	$1.3M	$433K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01984	−0.712%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	−0.951%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.896%	$1.3M	$968K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01979	−0.951%	$972K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01982	−0.801%	$790K	$251K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01982	−0.801%	$1.1M	$116K	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	0.01987	−0.551%	$579K	$102K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01983	−0.751%	$824K	$448K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01984	−0.701%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02005	+0.340%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.0159%	1h	0.01982	−0.801%	$25K	$328	5x	as long as short