Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.5390%/8h= −590.2% APRpaid last 24h +0.761%

Price spread now: Bybit against Kraken Futures−0.449%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 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 against this trade now: funding costs −$162 a day on $10k at the current rate, and Bybit is 0.449% cheaper against Kraken Futures than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01988	0.5490	pay 0.0686% / 1h	48m 35s	$12K	$8K	10x
Short	Bybit BLURUSDT	0.01979	0.0100	get 0.0100% / 8h	4h 48m	$1.3M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.449%Rate

Funding earned: −$1,131.83
Price spread: −0.449% → 0.000%: −$44.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,197.68
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.28 bp	70.7 bp −$71	359.8 bp −$3,598	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
dYdX BLUR-USD	0.0000%	1h	0.01988	+0.014%	$26K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.517%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01979	−0.438%	$1.3M	$440K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01980	−0.413%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	−0.438%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01979	−0.449%	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01979	−0.438%	$979K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01979	−0.438%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01981	−0.338%	$579K	$122K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01980	−0.388%	$820K	$494K	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	0.01979	−0.438%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.237%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0118%	4h	0.01981	−0.338%	$363K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0274%	4h	0.01982	−0.288%	$792K	$262K	50x	as long as short
Kraken Futures PF_BLURUSDlong	+0.5490%	1h	0.01988	long leg	$12K	$8K	10x