Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.133%

Price spread now: dYdX against Variational Omni+0.217%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.217% dearer against Variational Omni than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BLUR	0.01983	0.0100	pay 0.0100% / 8h	6h 05m	$1K	$849	—
Short	dYdX BLUR-USD	0.01988	0.0351	get 0.0044% / 1h	5m 37s	$26K	$328	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.217%Rate

Funding earned: $52.76
Price spread: +0.217% → 0.000%: $21.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $64.44
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; dYdX: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Variational Omni and dYdX: 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 14 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	−0.3608%	1h	0.01985	+0.107%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.741%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01980	−0.141%	$1.3M	$435K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01986	+0.127%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01983	−0.015%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01984	+0.025%	$1.3M	$996K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01982	−0.066%	$977K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01983	−0.015%	$1.0M	$121K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	+0.136%	$582K	$108K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01985	+0.086%	$819K	$485K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01984	+0.035%	—	$13.5M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.01983	long leg	$1K	$849	—
Gate BLUR_USDT	+0.0200%	4h	0.01986	+0.136%	$792K	$269K	50x	as long as short
dYdX BLUR-USDshort	+0.0351%	1h	0.01988	+0.217%	$26K	$328	5x