Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.167%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$601as in the Funding arb table

Net, price: spread back to 7d avg − costs−$573as in the Price arb table

costs, in and out, $10k−$5855.850% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.167%, 7d avg +0.044%

Together, before fees−0.310%−$31 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: KuCoin is 0.123% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01978	0.0100	pay 0.0100% / 8h	2h 46m	$1.2M	$924K	25x
Short	KuCoin BLURUSDTM	0.01981	0.0100	get 0.0050% / 4h	2h 46m	$570K	$125K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.044%: $12.28
Slippage, 4 orders: −$562.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$572.77
Costs to cover: 5.850%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 12 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	2.27 bp	120.4 bp −$120	186.9 bp −$1,869	doesn't fit	doesn't fit
Sell KuCoin live order book, 12 min ago	7.58 bp	367.1 bp −$367	doesn't fit	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	+1.026%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01977	−0.056%	$1.3M	$420K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01979	+0.042%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01977	−0.011%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01978	long leg	$1.2M	$924K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01976	−0.086%	$979K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01980	+0.116%	$792K	$251K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01977	−0.035%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTMshort	+0.0100%	4h	0.01981	+0.167%	$570K	$125K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01980	+0.116%	$816K	$489K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01984	+0.341%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0102%	4h	0.01977	−0.035%	$364K	$2K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01982	+0.217%	—	$13.3M	—	as long as short
Kraken Futures PF_BLURUSD	+0.3152%	1h	0.01988	+0.507%	$11K	$8K	10x	as long as short
dYdX BLUR-USD	+0.3764%	1h	0.01972	−0.305%	$25K	$328	5x	as long as short