Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.051%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.051%, 7d avg +0.025%

Together, before fees−0.045%−$4 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: Bitget is 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01970	0.0100	pay 0.0050% / 4h	1h 44m	$1.0M	$115K	20x
Short	Bitget BLURUSDT	0.01971	0.0100	get 0.0050% / 4h	1h 44m	$770K	$549K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.025%: $2.54
Slippage, 4 orders: −$57.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.9
Costs to cover: 0.734%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 61 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, 1 min ago	2.54 bp	4.5 bp −$5	25.6 bp −$256	119.9 bp −$12.0K	175.6 bp −$87.8K
Sell Bitget live order book, 61 min ago	10.11 bp	35.5 bp −$36	229.9 bp −$2,299	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	+1.421%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0089%	4h	0.01967	−0.152%	$350K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01968	−0.112%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01970	+0.022%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01970	+0.022%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01970	+0.020%	$1.2M	$938K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01971	+0.051%	$972K	$1.7M	20x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01970	long leg	$1.0M	$115K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.01972	+0.102%	$567K	$126K	30x	as long as short
Bitget BLURUSDTshort	+0.0100%	4h	0.01971	+0.051%	$770K	$549K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01967	−0.170%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0180%	4h	0.01972	+0.102%	$791K	$253K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01970	0.000%	—	$3.4M	—	as long as short
dYdX BLUR-USD	+0.0711%	1h	0.01969	−0.068%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3971%	1h	0.01979	+0.435%	$11K	$8K	10x	as long as short