Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0699%/8h= +76.6% APRpaid last 24h −0.020%

Price spread now: Injective against Variational Omni+0.474%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 Injective

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 +$21 a day on $10k at the current rate, and Injective is 0.474% dearer against Variational Omni than usual: you sell high and buy low: +$47 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	0.01989	0.0100	pay 0.0100% / 8h	1h 51m	$1K	$849	—
Short	Injective BLUR/USDC PERP	0.01998	0.0799	get 0.0100% / 1h	51m 10s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.474%Rate

Funding earned: $146.89
Price spread: +0.474% → 0.000%: $47.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $194.23
Costs to cover: 0.000%
Break-even: from the start

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

Variational Omni and 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
Kraken Futures PF_BLURUSD	−0.1291%	1h	0.01989	+0.013%	$12K	$7K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01989	+0.012%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0063%	4h	0.01983	−0.281%	$349K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01979	−0.477%	$1.3M	$401K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01983	−0.295%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01981	−0.381%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01981	−0.356%	$1.2M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01981	−0.381%	$950K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01986	−0.130%	$791K	$246K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.432%	$1.1M	$116K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.01985	−0.180%	$582K	$97K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01984	−0.230%	$820K	$420K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01985	−0.180%	—	$13.3M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.01989	long leg	$1K	$849	—
Injective BLUR/USDC PERPshort	+0.0799%	1h	0.01998	+0.474%	$1K	$212	5.5x