Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.3548%/8h= +388.5% APRpaid last 24h −0.607%

Price spread now: Kraken Futures against Gate+0.349%51s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

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—needs both histories

Both sides work for this trade now. Funding pays +$106 a day on $10k at the current rate, and Kraken Futures is 0.349% dearer against Gate than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BLUR_USDT	0.01979	0.0408	pay 0.0204% / 4h	59m 21s	$795K	$227K	50x
Short	Kraken Futures PF_BLURUSD	0.01986	0.3956	get 0.0495% / 1h	59m 21s	$11K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.349%Rate

Funding earned: $745.11
Price spread: +0.349% → 0.000%: $34.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $755
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 42 min ago; Kraken Futures: 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 Gate live order book, 42 min ago	7.61 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	+0.960%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01979	−0.010%	$1.3M	$426K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01979	+0.008%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01979	+0.017%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01978	−0.035%	$1.2M	$936K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01980	+0.051%	$988K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01978	−0.051%	$1.0M	$112K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01980	+0.051%	$569K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01978	−0.051%	$773K	$537K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01976	−0.154%	$1K	$849	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BLUR-USDT	+0.0142%	4h	0.01982	+0.152%	$317K	$3K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01980	+0.051%	—	$3.4M	—	as long as short
Gate BLUR_USDTlong	+0.0408%	4h	0.01979	long leg	$795K	$227K	50x
dYdX BLUR-USD	+0.0923%	1h	0.01982	+0.134%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSDshort	+0.3956%	1h	0.01986	+0.349%	$11K	$8K	10x