Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.2324%/8h= +254.5% APRpaid last 24h +0.147%

Price spread now: dYdX against MEXC−0.117%47s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. dYdX is 0.117% cheaper against MEXC than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4 hours of funding at the current rate (+$70 a day). The two prices were read 47 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	MEXC BLUR_USDT	0.01970	0.0100	pay 0.0050% / 4h	2h 35m	$1.0M	$115K	20x
Short	dYdX BLUR-USD	0.01968	0.2424	get 0.0303% / 1h	35m 53s	$25K	$328	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $488.11
Price spread: −0.117% → 0.000%: −$11.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: $462.46
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: MEXC: live order book, 5 min ago; dYdX: 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 MEXC live order book, 5 min ago	2.55 bp	4.5 bp −$5	33.8 bp −$338	122.6 bp −$12.3K	163.6 bp −$81.8K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 PERP	+0.0033%	1h	0.01998	+1.421%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0046%	4h	0.01965	−0.254%	$371K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01970	−0.005%	$1.3M	$422K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01969	−0.057%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01970	−0.015%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01969	−0.056%	$1.2M	$922K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01973	+0.152%	$976K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01970	0.000%	$788K	$253K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01970	long leg	$1.0M	$115K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.01970	0.000%	$567K	$126K	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	0.01971	+0.051%	$812K	$493K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01969	−0.043%	$1K	$849	—	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01968	−0.102%	—	$13.3M	—	as long as short
dYdX BLUR-USDshort	+0.2424%	1h	0.01968	−0.117%	$25K	$328	5x
Kraken Futures PF_BLURUSD	+0.3166%	1h	0.01979	+0.438%	$11K	$8K	10x	as long as short