Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective+6.809%100s7-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 MEXC

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 MEXC is 6.809% dearer against Injective than usual: you sell high and buy low: +$681 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 100 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	0.01880	0.0033	pay 0.0004% / 1h	31m 47s	$1K	$18K	5.5x
Short	MEXC BLUR_USDT	0.02008	0.0100	get 0.0050% / 4h	2h 31m	$1.1M	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +6.809%Rate

Funding earned: $14
Price spread: +6.809% → 0.000%: $680.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $690.83
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	2.49 bp	4.5 bp −$4	41.2 bp −$412	134.9 bp −$13.5K	188.3 bp −$94.1K

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	+0.0014%	1h	0.02008	+6.826%	$12K	$6K	10x	as long as short
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01880	long leg	$1K	$18K	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.02007	+6.766%	$1.4M	$187K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02008	+6.796%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02008	+6.809%	$1.9M	$3.1M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02009	+6.862%	$1.3M	$952K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02005	+6.649%	$959K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02011	+6.968%	$798K	$244K	50x	as long as short
MEXC BLUR_USDTshort	+0.0100%	4h	0.02008	+6.809%	$1.1M	$118K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.02008	+6.809%	$588K	$96K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.02009	+6.862%	$829K	$415K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02009	+6.862%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02008	+6.831%	$1K	$2	—	as long as short
BloFin BLUR-USDT	+0.0120%	4h	0.02009	+6.862%	$348K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0157%	1h	0.02004	+6.596%	$26K	—	5x	as long as short