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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.050%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2312.305% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.050%, 7d avg −0.089%

Together, before fees+0.308%+$31 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: OKX is 0.039% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.01995	0.0100	pay 0.0050% / 4h	24m 34s	$580K	$125K	30x
Short	OKX BLUR-USDT-SWAP	0.01994	0.0100	get 0.0050% / 4h	24m 34s	$985K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.089%: $3.88
Slippage, 4 orders: −$208.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$226.63
Costs to cover: 2.305%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; OKX: live order book, 2 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, 59 min ago	12.49 bp	137.6 bp −$138	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	5.02 bp	30.0 bp −$30	doesn't fit	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.150%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01992	−0.150%	$1.4M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01994	−0.064%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01993	−0.100%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01993	−0.105%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01994	−0.050%	$985K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01992	−0.150%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.01995	long leg	$580K	$125K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01995	0.000%	$825K	$497K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01993	−0.100%	—	$13.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01992	−0.146%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0141%	4h	0.01991	−0.201%	$353K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0288%	4h	0.01996	+0.050%	$798K	$264K	50x	as long as short
dYdX BLUR-USD	+0.0637%	1h	0.01995	−0.019%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.5435%	1h	0.02008	+0.646%	$13K	$8K	10x	as long as short