Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.3679%/8h= −402.9% APRpaid last 24h −0.319%

Price spread now: Kraken Futures against MEXC+0.066%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Kraken Futures is 0.066% dearer against MEXC than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$110 a day in funding at the current rate, which eats that in about 1 hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.02000	0.0100	pay 0.0050% / 4h	2h 22m	$1.1M	$116K	20x
Short	Kraken Futures PF_BLURUSD	0.02001	−0.3579	pay 0.0447% / 1h	22m 18s	$13K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$772.65
Price spread: +0.066% → 0.000%: $6.61
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$780.04
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Kraken Futures: 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, 4 min ago	2.50 bp	4.5 bp −$5	28.5 bp −$285	124.2 bp −$12.4K	176.3 bp −$88.2K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 14 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_BLURUSDshort	−0.3579%	1h	0.02001	+0.066%	$13K	$6K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.100%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01998	−0.075%	$1.4M	$437K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01999	−0.065%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02000	+0.011%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02000	+0.020%	$1.3M	$997K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02000	0.000%	$990K	$1.7M	20x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.02000	long leg	$1.1M	$116K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.02001	+0.050%	$585K	$106K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02003	+0.150%	$828K	$481K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01999	−0.050%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02001	+0.071%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0368%	4h	0.02002	+0.100%	$799K	$267K	50x	as long as short
dYdX BLUR-USD	+0.0495%	1h	0.01998	−0.117%	$26K	$328	5x	as long as short