Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3092%/8h= −338.6% APRpaid last 24h +0.589%

Price spread now: BloFin against Kraken Futures−0.372%57s7-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 BloFin

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 −$93 a day on $10k at the current rate, and BloFin is 0.372% cheaper against Kraken Futures than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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	Kraken Futures PF_BLURUSD	0.01985	0.3244	pay 0.0405% / 1h	57m 47s	$11K	$8K	10x
Short	BloFin BLUR-USDT	0.01978	0.0152	get 0.0076% / 4h	57m 47s	$317K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.372%Rate

Funding earned: −$649.32
Price spread: −0.372% → 0.000%: −$37.24
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$708.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	5.05 bp	16.8 bp −$17	62.5 bp −$625	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
dYdX BLUR-USD	0.0000%	1h	0.01982	−0.189%	$25K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.635%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01979	−0.302%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01979	−0.329%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01981	−0.221%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.297%	$1.2M	$936K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01982	−0.171%	$991K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.272%	$1.0M	$112K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01980	−0.272%	$569K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01980	−0.272%	$773K	$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	0.01976	−0.475%	$1K	$849	—	as long as short
BloFin BLUR-USDTshort	+0.0152%	4h	0.01978	−0.372%	$317K	$3K	50x
BingX BLUR-USDT	+0.0200%	4h	0.01980	−0.272%	—	$3.4M	—	as long as short
Gate BLUR_USDT	+0.0402%	4h	0.01980	−0.272%	$795K	$227K	50x	as long as short
Kraken Futures PF_BLURUSDlong	+0.3244%	1h	0.01985	long leg	$11K	$8K	10x