Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1137%/8h= +124.5% APRpaid last 24h +0.122%

Price spread now: dYdX against Bitget−0.250%53s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. dYdX is 0.250% cheaper against Bitget than usual: you would sell low and buy high (spread −0.250% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 18 hours of funding at the current rate (+$34 a day). The two prices were read 53 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	Bitget BLURUSDT	0.01997	0.0100	pay 0.0050% / 4h	1h 15m	$825K	$428K	50x
Short	dYdX BLUR-USD	0.01992	0.1237	get 0.0155% / 1h	15m 42s	$26K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now −0.250%Rate

Funding earned: $238.68
Price spread: −0.250% → 0.000%: −$25.04
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $191.64
Costs to cover: 0.220%
Break-even: 1.4 days

Slippage unknown: Bitget: live order book, 65 min ago; dYdX: 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 Bitget live order book, 65 min ago	10.02 bp	25.9 bp −$26	266.0 bp −$2,660	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1286%	1h	0.01996	−0.056%	$12K	$5K	10x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01994	−0.170%	$1.3M	$415K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01994	−0.135%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01995	−0.100%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01997	−0.005%	$1.3M	$974K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01997	0.000%	$958K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01997	0.000%	$796K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01996	−0.050%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01998	+0.050%	$586K	$96K	30x	as long as short
Bitget BLURUSDTlong	+0.0100%	4h	0.01997	long leg	$825K	$428K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01996	−0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01999	+0.115%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0107%	4h	0.01994	−0.150%	$355K	$2K	50x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.050%	$1K	$212	5.5x	as long as short
dYdX BLUR-USDshort	+0.1237%	1h	0.01992	−0.250%	$26K	—	5x