Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.010%

Price spread now: Injective against Variational Omni−0.171%106s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.171% cheaper against Variational Omni than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 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	0.02001	0.0100	pay 0.0100% / 8h	6h 21m	$1K	$849	—
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	21m 30s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −0.171%Rate

Funding earned: −$14
Price spread: −0.171% → 0.000%: −$17.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$31.11
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

Variational Omni and Injective: 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 14 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	−0.3579%	1h	0.02001	−0.005%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	−0.171%	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.01996	−0.276%	$1.4M	$437K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02000	−0.071%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01997	−0.196%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02000	−0.056%	$1.3M	$997K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01998	−0.171%	$989K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01999	−0.121%	$1.1M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02000	−0.071%	$585K	$106K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02000	−0.071%	$827K	$481K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01999	−0.121%	—	$13.5M	—	as long as short
Variational Omni BLURlong	+0.0100%	8h	0.02001	long leg	$1K	$849	—
Gate BLUR_USDT	+0.0350%	4h	0.02002	+0.029%	$799K	$267K	50x	as long as short
dYdX BLUR-USD	+0.0499%	1h	0.01998	−0.188%	$26K	$328	5x	as long as short