Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against MEXC+0.050%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.050%, 7d avg +0.027%

Together, before fees−0.027%−$3 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 0.023% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01982	0.0100	pay 0.0050% / 4h	3h 42m	$1.0M	$109K	20x
Short	BingX BLUR-USDT	0.01983	0.0100	get 0.0050% / 4h	3h 42m	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.027%: $2.33
Slippage, 4 orders: −$49.97
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.64
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 7 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 MEXC live order book, 2 min ago	2.52 bp	4.5 bp −$5	32.7 bp −$327	125.8 bp −$12.6K	172.1 bp −$86.1K
Sell BingX live order book, 7 min ago	10.08 bp	30.1 bp −$30	79.2 bp −$792	749.9 bp −$75.0K	1085.2 bp −$542.6K

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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.807%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01983	+0.030%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01983	+0.037%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01982	+0.008%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01982	−0.005%	$1.2M	$921K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01983	+0.050%	$992K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01984	+0.101%	$797K	$216K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01982	long leg	$1.0M	$109K	20x
KuCoin BLURUSDTM	+0.0100%	4h	0.01983	+0.050%	$575K	$127K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01982	0.000%	$772K	$529K	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-USDTshort	+0.0100%	4h	0.01983	+0.050%	—	$3.4M	—
Variational Omni BLUR	+0.0100%	8h	0.01983	+0.047%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0101%	4h	0.01986	+0.202%	$280K	$3K	50x	as long as short
dYdX BLUR-USD	+0.1200%	1h	0.01980	−0.121%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2674%	1h	0.01989	+0.342%	$11K	$8K	10x	as long as short