Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+2.9681%/8h= +3250.1% APRpaid last 24h +0.382%

Price spread now: Binance against Kraken Futures−0.459%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Funding pays, the price is against you. Binance is 0.459% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.459% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 1 hour of funding at the current rate (+$890 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01992	−2.9581	get 0.3698% / 1h	38m 39s	$13K	$8K	10x
Short	Binance BLURUSDT	0.01982	0.0100	get 0.0050% / 4h	1h 38m	$2.0M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.459%Rate

Funding earned: $6,233.08
Price spread: −0.459% → 0.000%: −$45.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $6,167.21
Costs to cover: 0.200%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 13 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	5.03 bp	26.1 bp −$26	128.1 bp −$1,281	doesn't fit	doesn't fit

Kraken Futures: 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_BLURUSDlong	−2.9581%	1h	0.01992	long leg	$13K	$8K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.321%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01981	−0.513%	$1.3M	$441K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01984	−0.397%	$5K	$4K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01982	−0.459%	$2.0M	$3.7M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01982	−0.468%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01982	−0.483%	$981K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01983	−0.432%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01985	−0.332%	$573K	$119K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01983	−0.432%	$819K	$489K	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	0.01985	−0.332%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01985	−0.339%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0118%	4h	0.01985	−0.332%	$793K	$265K	50x	as long as short
BloFin BLUR-USDT	+0.0137%	4h	0.01980	−0.583%	$359K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0249%	1h	0.01982	−0.502%	$25K	$328	5x	as long as short