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% APRpaid last 24h +0.011%

Price spread now: BingX against Bybit+0.101%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2362.364% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 7 days−0.168%−$17 · spread now +0.101%, 7d avg −0.011%

Together, before fees−0.037%−$4 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 0.112% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01986	0.0100	pay 0.0100% / 8h	2h 03m	$1.3M	$971K	25x
Short	BingX BLUR-USDT	0.01988	0.0100	get 0.0050% / 4h	2h 03m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → −0.011%: $11.16
Slippage, 4 orders: −$215.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$225.29
Costs to cover: 2.364%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 5 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 Bybit live order book, 3 min ago	4.02 bp	104.2 bp −$104	185.9 bp −$1,859	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.02 bp	30.7 bp −$31	88.3 bp −$883	671.6 bp −$67.2K	1031.9 bp −$516.0K

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	0.01986	+0.004%	$12K	$7K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.604%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01984	−0.106%	$1.3M	$398K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01987	+0.067%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01987	+0.075%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01986	long leg	$1.3M	$971K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01988	+0.101%	$952K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01989	+0.151%	$792K	$250K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01987	+0.050%	$1.1M	$119K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01989	+0.151%	$584K	$97K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01988	+0.101%	$821K	$420K	50x	as long as short
BingX BLUR-USDTshort	+0.0100%	4h	0.01988	+0.101%	—	$13.3M	—
Variational Omni BLUR	+0.0100%	8h	0.01990	+0.225%	$2K	$447	—	as long as short
BloFin BLUR-USDT	+0.0132%	4h	0.01989	+0.151%	$357K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0197%	1h	0.01991	+0.246%	$26K	—	5x	as long as short