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 +0.005%

Price spread now: BingX against OKX−0.200%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days+0.219%+$22 · spread now −0.200%, 7d avg +0.048%

Together, before fees+0.323%+$32 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: BingX is 0.248% cheaper against OKX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.01999	0.0100	pay 0.0050% / 4h	1m 27s	$988K	$1.7M	20x
Short	BingX BLUR-USDT	0.01995	0.0100	get 0.0050% / 4h	1m 27s	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → +0.048%: −$24.81
Slippage, 4 orders: −$95.33
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$140.14
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BingX: live order book, 2 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 OKX live order book, 5 min ago	2.51 bp	25.7 bp −$26	722.1 bp −$7,221	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	7.51 bp	32.1 bp −$32	77.2 bp −$772	712.2 bp −$71.2K	1082.4 bp −$541.2K

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	−0.050%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0078%	4h	0.01998	−0.050%	$369K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01997	−0.100%	$1.4M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01993	−0.277%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01997	−0.095%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01997	−0.085%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.01999	long leg	$988K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01997	−0.100%	$1.0M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01996	−0.150%	$582K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01999	0.000%	$827K	$496K	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-USDTshort	+0.0100%	4h	0.01995	−0.200%	—	$13.3M	—
Variational Omni BLUR	+0.0100%	8h	0.01992	−0.345%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0416%	4h	0.01997	−0.100%	$799K	$265K	50x	as long as short
dYdX BLUR-USD	+0.0487%	1h	0.01997	−0.118%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.5453%	1h	0.02001	+0.105%	$12K	$6K	10x	as long as short