Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.050%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$1911.912% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.050%, 7d avg +0.055%

Together, before fees−0.229%−$23 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: KuCoin is 0.105% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.02003	0.0100	pay 0.0050% / 4h	1h 11m	$1.0M	$117K	20x
Short	KuCoin BLURUSDTM	0.02002	0.0100	get 0.0050% / 4h	1h 11m	$580K	$121K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.055%: −$10.53
Slippage, 4 orders: −$175.18
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$201.71
Costs to cover: 1.912%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 12 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, 5 min ago	4.99 bp	7.0 bp −$7	35.3 bp −$353	130.5 bp −$13.0K	175.6 bp −$87.8K
Sell KuCoin live order book, 12 min ago	12.49 bp	39.6 bp −$40	doesn't fit	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	−2.9279%	1h	0.02012	+0.458%	$13K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.250%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02002	−0.050%	$1.4M	$440K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02000	−0.139%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02004	+0.029%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02001	−0.100%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02004	+0.050%	$993K	$1.7M	20x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.02003	long leg	$1.0M	$117K	20x
KuCoin BLURUSDTMshort	+0.0100%	4h	0.02002	−0.050%	$580K	$121K	30x
Bitget BLURUSDT	+0.0100%	4h	0.02003	0.000%	$826K	$488K	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-USDT	+0.0100%	4h	0.02002	−0.050%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02002	−0.067%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0143%	4h	0.01999	−0.200%	$357K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0474%	4h	0.02003	0.000%	$800K	$269K	50x	as long as short
dYdX BLUR-USD	+0.2006%	1h	0.01998	−0.270%	$26K	$328	5x	as long as short