Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0715%/8h= −78.3% APRpaid last 24h −0.152%

Price spread now: Variational Omni against dYdX+0.155%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.155% dearer against dYdX than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BLUR-USD	0.01972	0.0815	pay 0.0102% / 1h	32m 09s	$25K	$328	5x
Short	Variational Omni BLUR	0.01975	0.0100	get 0.0100% / 8h	7h 32m	$1K	$849	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.155%Rate

Funding earned: −$150.11
Price spread: +0.155% → 0.000%: $15.52
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$144.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

dYdX and Variational Omni: 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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+1.336%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01966	−0.277%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01969	−0.135%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01967	−0.252%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01966	−0.308%	$1.2M	$923K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01966	−0.287%	$982K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01969	−0.135%	$791K	$217K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01967	−0.237%	$1.0M	$110K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01967	−0.237%	$569K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01968	−0.186%	$767K	$525K	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	0.01967	−0.237%	—	$3.4M	—	as long as short
Variational Omni BLURshort	+0.0100%	8h	0.01975	+0.155%	$1K	$849	—
BloFin BLUR-USDT	+0.0145%	4h	0.01967	−0.237%	$278K	$2K	50x	as long as short
dYdX BLUR-USDlong	+0.0815%	1h	0.01972	long leg	$25K	$328	5x
Kraken Futures PF_BLURUSD	+0.2695%	1h	0.01973	+0.089%	$11K	$8K	10x	as long as short