Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0838%/8h= −91.7% APRpaid last 24h −0.315%

Price spread now: Kraken Futures against OKX−0.022%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Kraken Futures

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

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Kraken Futures is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.02006	0.0100	pay 0.0050% / 4h	3h 06m	$983K	$1.7M	20x
Short	Kraken Futures PF_BLURUSD	0.02006	−0.0738	pay 0.0092% / 1h	6m 03s	$13K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$175.93
Price spread: −0.022% → 0.000%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$198.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Kraken Futures: 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, 1 min ago	2.49 bp	25.1 bp −$25	695.4 bp −$6,954	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Kraken Futures PF_BLURUSDshort	−0.0738%	1h	0.02006	−0.022%	$13K	$6K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.399%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02003	−0.160%	$1.4M	$433K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02008	+0.098%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02005	−0.075%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02007	+0.050%	$1.3M	$971K	25x	as long as short
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.02006	long leg	$983K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.02005	−0.050%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02008	+0.100%	$583K	$101K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02007	+0.050%	$830K	$464K	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	0.02007	+0.050%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02005	−0.066%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0102%	4h	0.02010	+0.199%	$361K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0592%	4h	0.02009	+0.150%	$801K	$261K	50x	as long as short
dYdX BLUR-USD	+0.0598%	1h	0.02005	−0.067%	$26K	$328	5x	as long as short