Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3149%/8h= −344.8% APRpaid last 24h +0.528%

Price spread now: Bybit against Kraken Futures−0.056%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 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

Both sides work against this trade now: funding costs −$94 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 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	0.01982	0.3249	pay 0.0406% / 1h	12m 51s	$11K	$8K	10x
Short	Bybit BLURUSDT	0.01981	0.0100	get 0.0100% / 8h	12m 51s	$1.2M	$924K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$661.24
Price spread: −0.056% → 0.000%: −$5.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$687.8
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bybit: 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 Bybit live order book, 3 min ago	2.02 bp	81.5 bp −$81	doesn't fit	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	+0.787%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01980	−0.101%	$1.3M	$425K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01980	−0.121%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01981	−0.071%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01981	−0.056%	$1.2M	$924K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01980	−0.121%	$989K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01981	−0.071%	$1.0M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01981	−0.071%	$574K	$128K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01981	−0.071%	$772K	$532K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01975	−0.351%	$1K	$849	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BLUR-USDT	+0.0114%	4h	0.01979	−0.172%	$293K	$3K	50x	as long as short
Gate BLUR_USDT	+0.0168%	4h	0.01981	−0.071%	$796K	$230K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01981	−0.071%	—	$3.4M	—	as long as short
dYdX BLUR-USD	+0.0313%	1h	0.01979	−0.192%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSDlong	+0.3249%	1h	0.01982	long leg	$11K	$8K	10x