Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.2847%/8h= −311.7% APRpaid last 24h +0.421%

Price spread now: MEXC against Kraken Futures−0.332%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 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 against this trade now: funding costs −$85 a day on $10k at the current rate, and MEXC is 0.332% cheaper against Kraken Futures than usual: you would sell low and buy high (−$33 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	0.01979	0.2947	pay 0.0368% / 1h	19m 03s	$11K	$8K	10x
Short	MEXC BLUR_USDT	0.01972	0.0100	get 0.0050% / 4h	2h 19m	$985K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.332%Rate

Funding earned: −$597.87
Price spread: −0.332% → 0.000%: −$33.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$645.04
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 28 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 MEXC live order book, 28 min ago	5.08 bp	7.1 bp −$7	38.2 bp −$382	130.8 bp −$13.1K	186.4 bp −$93.2K

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 exchanges

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	0.01976	−0.109%	$25K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.982%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01972	−0.342%	$1.3M	$409K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01973	−0.274%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01973	−0.303%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01972	−0.317%	$1.2M	$880K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01974	−0.231%	$976K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01976	−0.129%	$793K	$215K	50x	as long as short
MEXC BLUR_USDTshort	+0.0100%	4h	0.01972	−0.332%	$985K	$111K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.01975	−0.180%	$566K	$127K	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01973	−0.281%	$771K	$487K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01975	−0.180%	—	$3.4M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01974	−0.243%	$1K	$869	—	as long as short
BloFin BLUR-USDT	+0.0133%	4h	0.01978	−0.028%	$253K	$3K	50x	as long as short
Kraken Futures PF_BLURUSDlong	+0.2947%	1h	0.01979	long leg	$11K	$8K	10x