Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0448%/8h= −49.0% APRpaid last 24h −0.133%

Price spread now: Bybit against dYdX+0.315%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Bybit is 0.315% dearer against dYdX than usual: you sell high and buy low (spread +0.315% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.01991	0.0548	pay 0.0068% / 1h	44m 09s	$26K	$328	5x
Short	Bybit BLURUSDT	0.01997	0.0100	get 0.0100% / 8h	6h 44m	$1.3M	$993K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now +0.315%Rate

Funding earned: −$94.05
Price spread: +0.315% → 0.000%: $31.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.51
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	5.02 bp	18.7 bp −$19	167.8 bp −$1,678	doesn't fit	doesn't fit

dYdX: 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
Kraken Futures PF_BLURUSD	−0.3578%	1h	0.02002	+0.567%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.366%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01997	+0.341%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01995	+0.211%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01999	+0.396%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01997	+0.315%	$1.3M	$993K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02001	+0.516%	$986K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01998	+0.366%	$1.1M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02000	+0.466%	$586K	$105K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01998	+0.366%	$827K	$478K	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	0.02000	+0.466%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01994	+0.147%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0119%	4h	0.01996	+0.265%	$364K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0382%	4h	0.01999	+0.416%	$798K	$262K	50x	as long as short
dYdX BLUR-USDlong	+0.0548%	1h	0.01991	long leg	$26K	$328	5x