Funding arb · Price arb /

BLUR

all BLUR markets

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: OKX against MEXC+0.303%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.303%, 7d avg −0.037%

Together, before fees−0.308%−$31 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: OKX is 0.340% dearer against MEXC than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01981	0.0100	pay 0.0050% / 4h	3h 38m	$1.1M	$116K	20x
Short	OKX BLUR-USDT-SWAP	0.01987	0.0100	get 0.0050% / 4h	3h 38m	$974K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.303%Rate

Funding earned: $0
Price spread: +0.303% → −0.037%: $34
Slippage, 4 orders: −$43.29
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.28
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	2.51 bp	4.5 bp −$5	39.0 bp −$390	135.6 bp −$13.6K	191.1 bp −$95.6K
Sell OKX live order book, 3 min ago	2.50 bp	24.5 bp −$24	514.7 bp −$5,147	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	−0.0750%	1h	0.01974	−0.356%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.858%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0098%	4h	0.01981	0.000%	$349K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01980	−0.050%	$1.3M	$434K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01980	−0.042%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01984	+0.175%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01985	+0.187%	$1.3M	$965K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01987	+0.303%	$974K	$1.6M	20x
Gate BLUR_USDT	+0.0100%	4h	0.01980	−0.050%	$790K	$251K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01981	long leg	$1.1M	$116K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.01982	+0.050%	$575K	$102K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01988	+0.353%	$824K	$448K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01981	0.000%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02005	+1.201%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.0152%	1h	0.01977	−0.218%	$25K	$328	5x	as long as short