Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.050%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.594% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.050%, 7d avg +0.021%

Together, before fees+0.087%+$9 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: Binance is 0.071% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01998	0.0100	pay 0.0050% / 4h	1h 21m	$1.1M	$117K	20x
Short	Binance BLURUSDT	0.01997	0.0100	get 0.0050% / 4h	1h 21m	$2.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.021%: −$7.14
Slippage, 4 orders: −$45.37
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.5
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 15 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 MEXC live order book, 4 min ago	2.51 bp	4.5 bp −$5	25.9 bp −$259	124.5 bp −$12.5K	181.0 bp −$90.5K
Sell Binance live order book, 15 min ago	2.51 bp	28.8 bp −$29	133.8 bp −$1,338	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	−0.1287%	1h	0.01995	−0.159%	$12K	$5K	10x	as long as short
BloFin BLUR-USDT	+0.0042%	4h	0.01997	−0.050%	$355K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01997	−0.075%	$1.3M	$411K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01996	−0.106%	$4K	$2K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01997	−0.050%	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.02000	+0.100%	$1.3M	$974K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01998	0.000%	$957K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01998	0.000%	$797K	$249K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01998	long leg	$1.1M	$117K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.02000	+0.100%	$586K	$96K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01999	+0.050%	$825K	$428K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02000	+0.100%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01991	−0.338%	$1K	$849	—	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	0.000%	$1K	$212	5.5x	as long as short
dYdX BLUR-USD	+0.1130%	1h	0.01986	−0.613%	$26K	—	5x	as long as short