Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Bybit against Injective+0.210%98s7-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 Bybit

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 Bybit is 0.210% dearer against Injective than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 98 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	17m 38s	$1K	$212	5.5x
Short	Bybit BLURUSDT	0.02002	0.0100	get 0.0100% / 8h	5h 17m	$1.3M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.210%Rate

Funding earned: $14
Price spread: +0.210% → 0.000%: $21.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $24
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.99 bp	71.7 bp −$72	182.1 bp −$1,821	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	−2.9238%	1h	0.02015	+0.851%	$13K	$8K	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	0.02000	+0.090%	$1.4M	$440K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02002	+0.191%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02000	+0.087%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.02002	+0.210%	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02002	+0.200%	$990K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02000	+0.100%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02004	+0.300%	$577K	$120K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02003	+0.250%	$826K	$488K	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	0.02003	+0.250%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02007	+0.434%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0122%	4h	0.02001	+0.150%	$355K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0470%	4h	0.02003	+0.250%	$800K	$267K	50x	as long as short
dYdX BLUR-USD	+0.1908%	1h	0.01988	−0.520%	$26K	$328	5x	as long as short