Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Bybit against Injective−0.601%48s7-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 Bybit

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. Bybit is 0.601% cheaper against Injective than usual: you would sell low and buy high (spread −0.601% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 30 days of funding at the current rate (+$2 a day). The two prices were read 48 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	Injective BLUR/USDC PERP	0.01998	0.0033	pay 0.0004% / 1h	0m 34s	$1K	$212	5.5x
Short	Bybit BLURUSDT	0.01986	0.0100	get 0.0100% / 8h	7h 00m	$1.2M	$899K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now −0.601%Rate

Funding earned: $14
Price spread: −0.601% → 0.000%: −$60.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.08
Costs to cover: 0.110%
Break-even: 35.5 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.28 bp	77.3 bp −$77	169.5 bp −$1,695	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
Hyperliquid BLUR	+0.0100%	1h	0.01984	−0.681%	$1.3M	$414K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01985	−0.637%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01986	−0.616%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01986	−0.601%	$1.2M	$899K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01985	−0.651%	$987K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01987	−0.551%	$798K	$221K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01985	−0.651%	$992K	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	−0.601%	$569K	$127K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01985	−0.651%	$776K	$516K	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	0.01986	−0.601%	—	$3.4M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01984	−0.702%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0103%	4h	0.01985	−0.651%	$273K	$3K	50x	as long as short
dYdX BLUR-USD	+0.0577%	1h	0.01985	−0.646%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2687%	1h	0.01979	−0.938%	$11K	$8K	10x	as long as short