Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.121%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2342.340% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.121%, 7d avg +0.049%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.072% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01985	0.0100	pay 0.0100% / 8h	6h 01m	$1.3M	$997K	25x
Short	Gate BLUR_USDT	0.01987	0.0164	get 0.0082% / 4h	2h 01m	$792K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.121%Rate

Funding earned: $13.44
Price spread: +0.121% → +0.049%: $7.21
Slippage, 4 orders: −$208.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$213.37
Costs to cover: 2.340%
Break-even: 118.1 days

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 65 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	3.78 bp	78.3 bp −$78	183.6 bp −$1,836	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	7.47 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit

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	−0.3604%	1h	0.01987	+0.140%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.675%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01983	−0.071%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01986	+0.058%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01986	+0.059%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01985	long leg	$1.3M	$997K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01985	+0.020%	$980K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01985	+0.020%	$1.0M	$121K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	+0.071%	$582K	$108K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01985	+0.020%	$819K	$485K	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-USDT	+0.0100%	4h	0.01985	+0.020%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.065%	$1K	$849	—	as long as short
Gate BLUR_USDTshort	+0.0164%	4h	0.01987	+0.121%	$792K	$269K	50x
dYdX BLUR-USD	+0.0327%	1h	0.01988	+0.151%	$26K	$328	5x	as long as short