Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.010%

Price spread now: Injective against OKX+2.043%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

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. Injective is 2.043% dearer against OKX than usual: you sell high and buy low (spread +2.043% now, against zero (this spread has no 7-day history yet)): +$204 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.01958	0.0100	pay 0.0050% / 4h	2h 22m	$963K	$1.6M	20x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	22m 57s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.043%Rate

Funding earned: −$14
Price spread: +2.043% → 0.000%: $204.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $180.27
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Injective: 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 OKX live order book, 4 min ago	2.56 bp	16.4 bp −$16	772.0 bp −$7,720	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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 PERPshort	+0.0033%	1h	0.01998	+2.043%	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.01957	−0.051%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01957	−0.051%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01958	0.000%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01957	−0.041%	$1.2M	$927K	25x	as long as short
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.01958	long leg	$963K	$1.6M	20x
Gate BLUR_USDT	+0.0100%	4h	0.01959	+0.051%	$786K	$257K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01957	−0.051%	$997K	$120K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01959	+0.051%	$564K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01957	−0.051%	$770K	$548K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01953	−0.246%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0133%	4h	0.01955	−0.153%	$356K	$2K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01958	0.000%	—	$13.3M	—	as long as short
dYdX BLUR-USD	+0.1663%	1h	0.01956	−0.102%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3189%	1h	0.01964	+0.321%	$11K	$8K	10x	as long as short