Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.010%

Price spread now: Injective against KuCoin+1.576%85s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

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

The price spread pays, funding is against you. Injective is 1.576% dearer against KuCoin than usual: you sell high and buy low (spread +1.576% now, against zero (this spread has no 7-day history yet)): +$158 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.01967	0.0100	pay 0.0050% / 4h	2h 15m	$566K	$126K	30x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	15m 52s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +1.576%Rate

Funding earned: −$14
Price spread: +1.576% → 0.000%: $157.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $131.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 43 min ago; Injective: 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 KuCoin live order book, 43 min ago	7.58 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	+1.576%	$1K	$212	5.5x
BloFin BLUR-USDT	+0.0087%	4h	0.01970	+0.153%	$365K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01966	−0.036%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01965	−0.120%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01967	+0.025%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01966	−0.036%	$1.2M	$933K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01966	−0.051%	$968K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01969	+0.102%	$791K	$258K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01967	0.000%	$1.0M	$120K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.01967	long leg	$566K	$126K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01967	0.000%	$770K	$552K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01961	−0.317%	$1K	$849	—	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01967	0.000%	—	$13.3M	—	as long as short
dYdX BLUR-USD	+0.1713%	1h	0.01964	−0.142%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3170%	1h	0.01976	+0.483%	$11K	$8K	10x	as long as short