Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0850%/8h= −93.0% APRpaid last 24h −0.315%

Price spread now: Kraken Futures against Variational Omni−1.538%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

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 against this trade now: funding costs −$25 a day on $10k at the current rate, and Kraken Futures is 1.538% cheaper against Variational Omni than usual: you would sell low and buy high (−$154 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	Variational Omni BLUR	0.02005	0.0100	pay 0.0100% / 8h	7h 38m	$1K	$849	—
Short	Kraken Futures PF_BLURUSD	0.01974	−0.0750	pay 0.0094% / 1h	38m 58s	$13K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −1.538%Rate

Funding earned: −$178.41
Price spread: −1.538% → 0.000%: −$153.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$342.21
Costs to cover: 0.100%
Break-even: never at this rate

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

Variational Omni and 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	−0.0750%	1h	0.01974	−1.538%	$13K	$6K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.339%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0098%	4h	0.01981	−1.187%	$349K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01977	−1.376%	$1.3M	$434K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01979	−1.264%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	−1.276%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01981	−1.187%	$1.3M	$968K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01984	−1.037%	$971K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01980	−1.237%	$790K	$251K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01978	−1.336%	$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	0.01982	−1.137%	$575K	$102K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01981	−1.187%	$823K	$448K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01981	−1.187%	—	$13.2M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.02005	long leg	$1K	$849	—
dYdX BLUR-USD	+0.0159%	1h	0.01982	−1.137%	$25K	$328	5x	as long as short