Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1390%/8h= +152.2% APRpaid last 24h +0.302%

Price spread now: BingX against Kraken Futures−0.118%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 BingX

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. BingX is 0.118% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7 hours of funding at the current rate (+$42 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01990	−0.1290	get 0.0161% / 1h	47m 21s	$12K	$5K	10x
Short	BingX BLUR-USDT	0.01988	0.0100	get 0.0050% / 4h	1h 47m	—	$13.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $291.8
Price spread: −0.118% → 0.000%: −$11.81
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $259.99
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	7.56 bp	27.4 bp −$27	79.5 bp −$795	704.4 bp −$70.4K	1090.7 bp −$545.4K

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
Kraken Futures PF_BLURUSDlong	−0.1290%	1h	0.01990	long leg	$12K	$5K	10x
dYdX BLUR-USD	0.0000%	1h	0.01984	−0.319%	$26K	—	5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01987	−0.158%	$1.3M	$403K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01985	−0.245%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01989	−0.068%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01987	−0.158%	$1.3M	$971K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01988	−0.118%	$953K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01987	−0.168%	$792K	$247K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01989	−0.068%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01989	−0.068%	$583K	$97K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01990	−0.018%	$823K	$422K	50x	as long as short
BingX BLUR-USDTshort	+0.0100%	4h	0.01988	−0.118%	—	$13.2M	—
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.363%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0108%	4h	0.01982	−0.420%	$349K	$2K	50x	as long as short
Injective BLUR/USDC PERP	+0.0799%	1h	0.01998	+0.384%	$1K	$212	5.5x	as long as short