Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.010%

Price spread now: Gate against Injective−0.450%54s7-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 Gate

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. Gate is 0.450% cheaper against Injective than usual: you would sell low and buy high (spread −0.450% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 7.7 days of funding at the current rate (+$6 a day). The two prices were read 54 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	42m 20s	$1K	$212	5.5x
Short	Gate BLUR_USDT	0.01989	0.0228	get 0.0114% / 4h	42m 20s	$795K	$263K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.450%Rate

Funding earned: $40.88
Price spread: −0.450% → 0.000%: −$45.05
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.19
Costs to cover: 0.150%
Break-even: 10.3 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 14 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 Gate live order book, 14 min ago	7.52 bp	36.4 bp −$36	doesn't fit	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
dYdX BLUR-USD	0.0000%	1h	0.01988	−0.501%	$26K	$328	5x	as long as short
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.01983	−0.746%	$1.3M	$440K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01986	−0.591%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01985	−0.654%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01986	−0.611%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01985	−0.651%	$982K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01983	−0.751%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01987	−0.551%	$580K	$123K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01985	−0.651%	$822K	$494K	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	0.01987	−0.551%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.757%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0156%	4h	0.01985	−0.651%	$361K	$2K	50x	as long as short
Gate BLUR_USDTshort	+0.0228%	4h	0.01989	−0.450%	$795K	$263K	50x
Kraken Futures PF_BLURUSD	+0.5473%	1h	0.01994	−0.210%	$12K	$8K	10x	as long as short