Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Bybit against OKX−0.035%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2132.129% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.035%, 7d avg +0.050%

Together, before fees−0.003%$0 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: Bybit is 0.085% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.02010	0.0100	pay 0.0050% / 4h	7m 34s	$982K	$1.7M	20x
Short	Bybit BLURUSDT	0.02009	0.0100	get 0.0100% / 8h	7m 34s	$1.3M	$972K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.050%: −$8.48
Slippage, 4 orders: −$191.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$221.41
Costs to cover: 2.129%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: 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 OKX live order book, 4 min ago	2.50 bp	25.4 bp −$25	641.0 bp −$6,410	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.99 bp	44.2 bp −$44	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	−0.0626%	1h	0.02010	−0.012%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.597%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02007	−0.139%	$1.4M	$429K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02004	−0.279%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02007	−0.149%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.02009	−0.035%	$1.3M	$972K	25x
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.02010	long leg	$982K	$1.7M	20x
Gate BLUR_USDT	+0.0100%	4h	0.02008	−0.100%	$798K	$252K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02008	−0.100%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02009	−0.050%	$586K	$97K	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	0.02006	−0.199%	$829K	$437K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02007	−0.149%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02003	−0.340%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0158%	4h	0.02001	−0.448%	$354K	$2K	50x	as long as short
dYdX BLUR-USD	+0.1397%	1h	0.02004	−0.299%	$26K	$328	5x	as long as short