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 0.000%

Price spread now: KuCoin against MEXC+0.150%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2052.051% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.150%, 7d avg +0.053%

Together, before fees−0.429%−$43 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: KuCoin is 0.098% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BLUR_USDT	0.01999	0.0100	pay 0.0050% / 4h	36m 02s	$1.1M	$117K	20x
Short	KuCoin BLURUSDTM	0.02002	0.0100	get 0.0050% / 4h	36m 02s	$587K	$96K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.053%: $9.75
Slippage, 4 orders: −$189.13
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$195.38
Costs to cover: 2.051%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 27 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, 5 min ago	2.49 bp	4.5 bp −$4	26.9 bp −$269	127.5 bp −$12.7K	167.0 bp −$83.5K
Sell KuCoin live order book, 27 min ago	12.48 bp	86.2 bp −$86	doesn't fit	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	−0.0628%	1h	0.02003	+0.211%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.050%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0067%	1h	0.01998	−0.060%	$1.4M	$425K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01999	−0.005%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01999	0.000%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01998	−0.025%	$1.3M	$969K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01999	0.000%	$964K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02001	+0.100%	$797K	$249K	50x	as long as short
MEXC BLUR_USDTlong	+0.0100%	4h	0.01999	long leg	$1.1M	$117K	20x
KuCoin BLURUSDTMshort	+0.0100%	4h	0.02002	+0.150%	$587K	$96K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.02000	+0.050%	$826K	$437K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02000	+0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02002	+0.166%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0106%	4h	0.02002	+0.150%	$349K	$2K	50x	as long as short
dYdX BLUR-USD	+0.3133%	1h	0.02006	+0.370%	$26K	$328	5x	as long as short