Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against Binance−0.056%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.065%+$7 · spread now −0.056%, 7d avg +0.012%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.067% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.01993	0.0100	pay 0.0050% / 4h	2h 07m	$2.0M	$3.4M	50x
Short	BingX BLUR-USDT	0.01992	0.0100	get 0.0050% / 4h	2h 07m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.012%: −$6.73
Slippage, 4 orders: −$90.9
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$117.63
Costs to cover: 1.109%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BingX: live order book, 15 min ago.

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 Binance live order book, 13 min ago	2.51 bp	21.0 bp −$21	132.3 bp −$1,323	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	7.52 bp	33.6 bp −$34	89.5 bp −$895	675.3 bp −$67.5K	1017.4 bp −$508.7K

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	+0.0014%	1h	0.01996	+0.166%	$12K	$7K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.245%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0051%	4h	0.01994	+0.045%	$357K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01991	−0.096%	$1.3M	$398K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01993	+0.015%	$4K	$2K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01993	long leg	$2.0M	$3.4M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01992	−0.056%	$1.3M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01991	−0.106%	$955K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01995	+0.095%	$795K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01992	−0.056%	$1.1M	$119K	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	0.01994	+0.045%	$585K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01993	−0.005%	$823K	$420K	50x	as long as short
BingX BLUR-USDTshort	+0.0100%	4h	0.01992	−0.056%	—	$13.3M	—
Variational Omni BLUR	+0.0100%	8h	0.01992	−0.046%	$1K	$407	—	as long as short
dYdX BLUR-USD	+0.0212%	1h	0.01995	+0.089%	$26K	—	5x	as long as short