Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.004%

Price spread now: Injective against BloFin−0.100%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.100% cheaper against BloFin than usual: you would sell low and buy high (−$10 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	BloFin BLUR-USDT	0.02000	0.0090	pay 0.0045% / 4h	16m 35s	$365K	$2K	50x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	16m 35s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.100%Rate

Funding earned: −$11.81
Price spread: −0.100% → 0.000%: −$10
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$33.83
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.51 bp	25.7 bp −$26	58.3 bp −$583	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
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	−0.100%	$1K	$212	5.5x
BloFin BLUR-USDTlong	+0.0090%	4h	0.02000	long leg	$365K	$2K	50x
Hyperliquid BLUR	+0.0100%	1h	0.02000	−0.020%	$1.4M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02002	+0.101%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01998	−0.109%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01998	−0.105%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01997	−0.150%	$988K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01999	−0.050%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02001	+0.050%	$579K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01999	−0.050%	$827K	$496K	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	0.01999	−0.050%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01993	−0.338%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0350%	4h	0.02001	+0.050%	$800K	$264K	50x	as long as short
dYdX BLUR-USD	+0.0531%	1h	0.01997	−0.170%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.5432%	1h	0.02009	+0.448%	$13K	$8K	10x	as long as short