Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.100%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$431as in the Funding arb table

Net, price: spread back to 7d avg − costs−$468as in the Price arb table

costs, in and out, $10k−$4614.608% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$29 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.100%, 7d avg −0.030%

Together, before fees+0.328%+$33 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: Bitget is 0.070% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.02003	0.0100	pay 0.0050% / 4h	3h 26m	$581K	$100K	30x
Short	Bitget BLURUSDT	0.02001	0.0100	get 0.0050% / 4h	3h 26m	$828K	$458K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.030%: −$6.97
Slippage, 4 orders: −$436.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$467.81
Costs to cover: 4.608%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; Bitget: live order book, 44 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, 27 min ago	12.42 bp	105.7 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 44 min ago	7.47 bp	32.5 bp −$32	181.3 bp −$1,813	doesn't fit	doesn't fit

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	−0.0741%	1h	0.01997	−0.320%	$13K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.250%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0098%	4h	0.01999	−0.200%	$360K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02000	−0.165%	$1.4M	$435K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02000	−0.160%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02002	−0.051%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02003	−0.025%	$1.3M	$973K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02002	−0.050%	$981K	$1.6M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02001	−0.100%	$1.1M	$117K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.02003	long leg	$581K	$100K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDTshort	+0.0100%	4h	0.02001	−0.100%	$828K	$458K	50x
BingX BLUR-USDT	+0.0100%	4h	0.02001	−0.100%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02004	+0.033%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.0479%	1h	0.01997	−0.316%	$26K	$328	5x	as long as short
Gate BLUR_USDT	+0.0866%	4h	0.02004	+0.050%	$799K	$259K	50x	as long as short