Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against KuCoin−0.099%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$314as in the Price arb table

costs, in and out, $10k−$3063.059% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.099%, 7d avg −0.022%

Together, before fees+0.490%+$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.077% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.02014	0.0100	pay 0.0050% / 4h	3h 30m	$590K	$96K	30x
Short	BingX BLUR-USDT	0.02012	0.0100	get 0.0050% / 4h	3h 30m	—	$13.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.022%: −$7.74
Slippage, 4 orders: −$283.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$313.68
Costs to cover: 3.059%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; BingX: live order book, 18 min ago.

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 KuCoin live order book, 12 min ago	2.50 bp	172.8 bp −$173	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 18 min ago	7.51 bp	28.9 bp −$29	67.9 bp −$679	687.9 bp −$68.8K	1049.1 bp −$524.6K

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_BLURUSD	−0.0466%	1h	0.02011	−0.149%	$12K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01880	−6.653%	$1K	$18K	5.5x	as long as short
BloFin BLUR-USDT	+0.0055%	4h	0.02011	−0.149%	$350K	$3K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02012	−0.124%	$1.4M	$194K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02011	−0.146%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02014	0.000%	$1.9M	$3.1M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02012	−0.094%	$1.3M	$974K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02009	−0.248%	$963K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02014	0.000%	$798K	$247K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02013	−0.050%	$1.1M	$118K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTMlong	+0.0100%	4h	0.02014	long leg	$590K	$96K	30x
Bitget BLURUSDT	+0.0100%	4h	0.02012	−0.099%	$830K	$405K	50x	as long as short
BingX BLUR-USDTshort	+0.0100%	4h	0.02012	−0.099%	—	$13.2M	—
Variational Omni BLUR	+0.0100%	8h	0.02005	−0.455%	$1K	$2	—	as long as short
dYdX BLUR-USD	+0.1723%	1h	0.02009	−0.255%	$26K	—	5x	as long as short