Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Binance against Injective−0.901%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

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

Funding pays, the price is against you. Binance is 0.901% cheaper against Injective than usual: you would sell low and buy high (spread −0.901% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$90 on $10k: about 45 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BLUR/USDC PERP	0.01998	0.0033	pay 0.0004% / 1h	4m 34s	$1K	$212	5.5x
Short	Binance BLURUSDT	0.01980	0.0100	get 0.0050% / 4h	1h 04m	$2.0M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BinancebpOrdersPrice spread, now −0.901%Rate

Funding earned: $14
Price spread: −0.901% → 0.000%: −$90.09
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.11
Costs to cover: 0.100%
Break-even: 50.1 days

Slippage unknown: Injective: no order-book sample; Binance: 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	2.52 bp	21.8 bp −$22	104.8 bp −$1,048	doesn't fit	doesn't fit

Injective: 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 PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
BloFin BLUR-USDT	+0.0048%	4h	0.01986	−0.601%	$317K	$3K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01981	−0.871%	$1.3M	$426K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01981	−0.866%	$5K	$4K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01980	−0.901%	$2.0M	$3.7M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.876%	$1.2M	$937K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01982	−0.801%	$990K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.901%	$1.0M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01983	−0.751%	$570K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01981	−0.851%	$774K	$537K	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	−0.726%	$1K	$849	—	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01982	−0.801%	—	$3.4M	—	as long as short
Gate BLUR_USDT	+0.0440%	4h	0.01984	−0.701%	$797K	$258K	50x	as long as short
dYdX BLUR-USD	+0.1009%	1h	0.01982	−0.819%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3947%	1h	0.01990	−0.379%	$11K	$8K	10x	as long as short