Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.010%

Price spread now: Injective against Binance−0.200%107s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

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 −$2 a day on $10k at the current rate, and Injective is 0.200% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.02002	0.0100	pay 0.0050% / 4h	3h 33m	$2.0M	$3.5M	50x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	33m 35s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.200%Rate

Funding earned: −$14
Price spread: −0.200% → 0.000%: −$19.98
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; 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 Binance live order book, 3 min ago	2.51 bp	20.2 bp −$20	124.3 bp −$1,243	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0747%	1h	0.01981	−1.064%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	−0.200%	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.02000	−0.100%	$1.4M	$434K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02002	+0.001%	$4K	$3K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.02002	long leg	$2.0M	$3.5M	50x
Bybit BLURUSDT	+0.0100%	8h	0.02003	+0.030%	$1.3M	$968K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02001	−0.050%	$984K	$1.6M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02003	+0.050%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02004	+0.100%	$582K	$102K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02003	+0.050%	$830K	$452K	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	0.02005	+0.150%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01991	−0.552%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0157%	4h	0.01996	−0.300%	$353K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0329%	1h	0.01988	−0.715%	$26K	$328	5x	as long as short
Gate BLUR_USDT	+0.0742%	4h	0.02005	+0.150%	$799K	$255K	50x	as long as short