Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against BingX0.000%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now 0.000%, 7d avg −0.031%

Together, before fees−0.109%−$11 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: MEXC is 0.031% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01985	0.0100	pay 0.0050% / 4h	1h 53m	—	$13.5M	—
Short	MEXC BLUR_USDT	0.01985	0.0100	get 0.0050% / 4h	1h 53m	$1.0M	$114K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.031%: $3.07
Slippage, 4 orders: −$52.84
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$63.77
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; MEXC: live order book, 2 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 BingX live order book, 15 min ago	7.55 bp	26.1 bp −$26	69.8 bp −$698	721.0 bp −$72.1K	1075.2 bp −$537.6K
Sell MEXC live order book, 2 min ago	2.51 bp	4.5 bp −$5	29.5 bp −$295	122.6 bp −$12.3K	162.8 bp −$81.4K

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	−2.9529%	1h	0.01995	+0.512%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.655%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01985	+0.005%	$1.4M	$438K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01986	+0.031%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01986	+0.064%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01986	+0.040%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01987	+0.101%	$982K	$1.7M	20x	as long as short
MEXC BLUR_USDTshort	+0.0100%	4h	0.01985	0.000%	$1.0M	$114K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.01987	+0.101%	$577K	$111K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01987	+0.101%	$821K	$490K	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-USDTlong	+0.0100%	4h	0.01985	long leg	—	$13.5M	—
Variational Omni BLUR	+0.0100%	8h	0.01999	+0.691%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0130%	4h	0.01990	+0.252%	$794K	$261K	50x	as long as short
dYdX BLUR-USD	+0.0649%	1h	0.01986	+0.032%	$26K	$328	5x	as long as short