Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.133%

Price spread now: Gate against dYdX−0.081%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Gate

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

Funding pays, the price is against you. Gate is 0.081% cheaper against dYdX than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 44 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.01988	0	get 0.0000% / 1h	58m 43s	$26K	$328	5x
Short	Gate BLUR_USDT	0.01986	0.0148	get 0.0074% / 4h	1h 58m	$792K	$260K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: $31.08
Price spread: −0.081% → 0.000%: −$8.06
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1.98
Costs to cover: 0.250%
Break-even: 7.4 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	7.55 bp	45.7 bp −$46	doesn't fit	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 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	−2.9686%	1h	0.01985	−0.152%	$13K	$6K	10x	as long as short
dYdX BLUR-USDlong	0.0000%	1h	0.01988	long leg	$26K	$328	5x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.523%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01982	−0.282%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01983	−0.212%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01984	−0.173%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01984	−0.186%	$1.3M	$995K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01984	−0.181%	$980K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01982	−0.282%	$1.0M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01985	−0.131%	$582K	$107K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01984	−0.181%	$819K	$485K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01984	−0.181%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.221%	$1K	$849	—	as long as short
Gate BLUR_USDTshort	+0.0148%	4h	0.01986	−0.081%	$792K	$260K	50x