Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.002%

Price spread now: BloFin against Bybit−0.096%72s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2522.516% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.096%, 7d avg +0.015%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.111% cheaper against Bybit than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.015%). If the spread goes back, that is −$11 on $10k: about 26 days of funding at the current rate ($0 a day). The two prices were read 72 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	Bybit BLURUSDT	0.01981	0.0100	pay 0.0100% / 8h	11m 55s	$1.2M	$924K	25x
Short	BloFin BLUR-USDT	0.01979	0.0114	get 0.0057% / 4h	11m 55s	$293K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.096%Rate

Funding earned: $2.96
Price spread: −0.096% → +0.015%: −$11.1
Slippage, 4 orders: −$228.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$259.73
Costs to cover: 2.516%
Break-even: 621.5 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 50 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, 4 min ago	2.02 bp	133.3 bp −$133	1506.9 bp −$15.1K	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	5.05 bp	16.8 bp −$17	62.5 bp −$625	doesn't fit	doesn't fit

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 PERP	+0.0033%	1h	0.01998	+0.863%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01978	−0.136%	$1.3M	$425K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01979	−0.071%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	−0.099%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01981	long leg	$1.2M	$924K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01980	−0.045%	$989K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01979	−0.096%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01981	+0.005%	$574K	$128K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01979	−0.096%	$771K	$529K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01975	−0.275%	$1K	$849	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BLUR-USDTshort	+0.0114%	4h	0.01979	−0.096%	$293K	$3K	50x
Gate BLUR_USDT	+0.0164%	4h	0.01981	+0.005%	$796K	$230K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01981	+0.005%	—	$3.4M	—	as long as short
dYdX BLUR-USD	+0.0307%	1h	0.01980	−0.059%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3253%	1h	0.01980	−0.045%	$11K	$8K	10x	as long as short