Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0840%/8h= +91.9% APRpaid last 24h +0.315%

Price spread now: KuCoin against Kraken Futures−0.041%52s7-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 KuCoin

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. KuCoin is 0.041% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$25 a day). The two prices were read 52 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	0.02001	−0.0740	get 0.0092% / 1h	23m 27s	$13K	$5K	10x
Short	KuCoin BLURUSDTM	0.02000	0.0100	get 0.0050% / 4h	3h 23m	$580K	$100K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $176.3
Price spread: −0.041% → 0.000%: −$4.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $150.21
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 30 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 KuCoin live order book, 30 min ago	12.42 bp	298.2 bp −$298	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
Kraken Futures PF_BLURUSDlong	−0.0740%	1h	0.02001	long leg	$13K	$5K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.141%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01996	−0.261%	$1.4M	$432K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01999	−0.073%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01998	−0.141%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01999	−0.066%	$1.3M	$977K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01998	−0.141%	$976K	$1.6M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01998	−0.141%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTMshort	+0.0100%	4h	0.02000	−0.041%	$580K	$100K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01999	−0.091%	$827K	$458K	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	0.02000	−0.041%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02004	+0.143%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0150%	4h	0.02002	+0.059%	$353K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0508%	1h	0.01999	−0.091%	$26K	$328	5x	as long as short
Gate BLUR_USDT	+0.0762%	4h	0.02002	+0.059%	$798K	$259K	50x	as long as short