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 +0.005%

Price spread now: BingX against MEXC+0.151%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.151%, 7d avg +0.029%

Together, before fees−0.020%−$2 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: BingX is 0.121% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01991	0.0100	pay 0.0050% / 4h	1h 37m	$1.1M	$116K	20x
Short	BingX BLUR-USDT	0.01994	0.0100	get 0.0050% / 4h	1h 37m	—	$13.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.029%: $12.13
Slippage, 4 orders: −$48.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$50.75
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 1 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	29.5 bp −$295	127.0 bp −$12.7K	185.0 bp −$92.5K
Sell BingX live order book, 1 min ago	5.02 bp	30.5 bp −$31	83.1 bp −$831	707.8 bp −$70.8K	1059.5 bp −$529.7K

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	−0.1288%	1h	0.01993	+0.079%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01988	−0.141%	$1.3M	$406K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01993	+0.081%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01991	+0.008%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01992	+0.075%	$1.3M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01989	−0.100%	$952K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01995	+0.201%	$795K	$247K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01991	long leg	$1.1M	$116K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.01994	+0.151%	$584K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01992	+0.050%	$823K	$424K	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-USDTshort	+0.0100%	4h	0.01994	+0.151%	—	$13.2M	—
Variational Omni BLUR	+0.0100%	8h	0.01996	+0.257%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0159%	4h	0.01993	+0.100%	$356K	$2K	50x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.352%	$1K	$212	5.5x	as long as short
dYdX BLUR-USD	+0.1164%	1h	0.01993	+0.086%	$26K	—	5x	as long as short