Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.001%

Price spread now: BloFin against Variational Omni−0.391%86s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BloFin

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. BloFin is 0.391% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.391% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 29 days of funding at the current rate (+$1 a day). The two prices were read 86 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	Variational Omni BLUR	0.01975	0.0100	pay 0.0100% / 8h	7h 31m	$1K	$849	—
Short	BloFin BLUR-USDT	0.01967	0.0145	get 0.0073% / 4h	3h 31m	$278K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BloFinbpOrdersPrice spread, now −0.391%Rate

Funding earned: $9.47
Price spread: −0.391% → 0.000%: −$39.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.64
Costs to cover: 0.120%
Break-even: 37.8 days

Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 25 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BloFin live order book, 25 min ago	7.56 bp	20.5 bp −$20	60.6 bp −$606	doesn't fit	doesn't fit

Variational Omni: 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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+1.179%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01966	−0.427%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01969	−0.291%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01967	−0.414%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01966	−0.442%	$1.2M	$923K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01966	−0.442%	$982K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01969	−0.290%	$791K	$217K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01966	−0.442%	$1.0M	$110K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01967	−0.391%	$569K	$126K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01968	−0.341%	$767K	$525K	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	0.01967	−0.391%	—	$3.4M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.01975	long leg	$1K	$849	—
BloFin BLUR-USDTshort	+0.0145%	4h	0.01967	−0.391%	$278K	$2K	50x
dYdX BLUR-USD	+0.0815%	1h	0.01972	−0.155%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2695%	1h	0.01973	−0.066%	$11K	$8K	10x	as long as short