Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.284%

Price spread now: Variational Omni against Kraken Futures+0.673%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.673% dearer against Kraken Futures than usual: you sell high and buy low: +$67 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01994	0.0014	pay 0.0002% / 1h	29m 52s	$12K	$6K	10x
Short	Variational Omni BLUR	0.02008	0.0100	get 0.0100% / 8h	2h 29m	$1K	$2	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.673%Rate

Funding earned: $18.11
Price spread: +0.673% → 0.000%: $67.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $75.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	+0.0014%	1h	0.01994	long leg	$12K	$6K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01880	−5.730%	$1K	$18K	5.5x	as long as short
BloFin BLUR-USDT	+0.0061%	4h	0.02006	+0.588%	$355K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01983	−0.586%	$1.4M	$317K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01984	−0.498%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01982	−0.625%	$1.9M	$3.3M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.721%	$1.2M	$960K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01976	−0.917%	$953K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01981	−0.666%	$789K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.716%	$1.1M	$118K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.01978	−0.816%	$579K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01978	−0.816%	$817K	$418K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01981	−0.666%	—	$13.3M	—	as long as short
Variational Omni BLURshort	+0.0100%	8h	0.02008	+0.673%	$1K	$2	—
dYdX BLUR-USD	+0.0160%	1h	0.01995	+0.051%	$26K	—	5x	as long as short