Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1210%/8h= +132.5% APRpaid last 24h +0.315%

Price spread now: Gate against Kraken Futures−0.344%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 Gate

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. Gate is 0.344% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.344% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 23 hours of funding at the current rate (+$36 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.02010	−0.0736	get 0.0092% / 1h	14m 46s	$13K	$5K	10x
Short	Gate BLUR_USDT	0.02003	0.0474	get 0.0237% / 4h	3h 14m	$799K	$260K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.344%Rate

Funding earned: $254.14
Price spread: −0.344% → 0.000%: −$34.36
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $194.78
Costs to cover: 0.250%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 57 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 Gate live order book, 57 min ago	7.48 bp	37.6 bp −$38	doesn't fit	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	−0.0736%	1h	0.02010	long leg	$13K	$5K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.592%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02003	−0.329%	$1.4M	$433K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02000	−0.516%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02003	−0.361%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02003	−0.349%	$1.3M	$971K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02003	−0.344%	$982K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02002	−0.393%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02003	−0.344%	$581K	$100K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02001	−0.443%	$828K	$461K	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	0.02001	−0.443%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02000	−0.483%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0120%	4h	0.01999	−0.543%	$353K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0416%	1h	0.01999	−0.543%	$26K	$328	5x	as long as short
Gate BLUR_USDTshort	+0.0474%	4h	0.02003	−0.344%	$799K	$260K	50x