Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3617%/8h= −396.0% APRpaid last 24h +0.702%

Price spread now: Binance against Kraken Futures−0.387%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Both sides work against this trade now: funding costs −$109 a day on $10k at the current rate, and Binance is 0.387% cheaper against Kraken Futures than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01999	0.3717	pay 0.0465% / 1h	48m 03s	$12K	$6K	10x
Short	Binance BLURUSDT	0.01991	0.0100	get 0.0050% / 4h	3h 48m	$2.0M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.387%Rate

Funding earned: −$759.52
Price spread: −0.387% → 0.000%: −$38.67
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$818.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 3 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	2.51 bp	22.0 bp −$22	104.6 bp −$1,046	doesn't fit	doesn't fit

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	−0.046%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01991	−0.416%	$1.4M	$429K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01991	−0.375%	$5K	$4K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01991	−0.387%	$2.0M	$3.7M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01989	−0.482%	$1.2M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01991	−0.396%	$987K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01993	−0.296%	$797K	$251K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01991	−0.396%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01992	−0.346%	$574K	$129K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01992	−0.346%	$822K	$500K	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	0.01995	−0.216%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0160%	4h	0.01989	−0.497%	$358K	$2K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01992	−0.346%	—	$13.3M	—	as long as short
dYdX BLUR-USD	+0.0214%	1h	0.01995	−0.214%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSDlong	+0.3717%	1h	0.01999	long leg	$12K	$6K	10x