Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.095%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$535as in the Funding arb table

Net, price: spread back to 7d avg − costs−$563as in the Price arb table

costs, in and out, $10k−$5575.575% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.095%, 7d avg −0.041%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.053% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.02006	0.0100	pay 0.0050% / 4h	3h 11m	$582K	$101K	30x
Short	Bybit BLURUSDT	0.02004	0.0100	get 0.0100% / 8h	7h 11m	$1.3M	$971K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.041%: −$5.32
Slippage, 4 orders: −$534.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$562.82
Costs to cover: 5.575%
Break-even: never at this rate

Slippage from KuCoin: live order book, 42 min ago; Bybit: live order book, 5 min ago.

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 KuCoin live order book, 42 min ago	12.42 bp	105.7 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.99 bp	66.6 bp −$67	181.7 bp −$1,817	doesn't fit	doesn't fit

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_BLURUSD	−0.0738%	1h	0.02005	−0.037%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.399%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02001	−0.244%	$1.4M	$433K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02005	−0.036%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02004	−0.113%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.02004	−0.095%	$1.3M	$971K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02004	−0.100%	$980K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02004	−0.100%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.02006	long leg	$582K	$101K	30x
Bitget BLURUSDT	+0.0100%	4h	0.02004	−0.100%	$829K	$462K	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	0.02006	0.000%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02006	+0.003%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0102%	4h	0.02003	−0.150%	$352K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0518%	4h	0.02007	+0.050%	$800K	$261K	50x	as long as short
dYdX BLUR-USD	+0.0548%	1h	0.01999	−0.349%	$26K	$328	5x	as long as short