Funding arb · Price arb /

BLUR

all BLUR markets

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 Binance−0.055%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.065%+$6 · spread now −0.055%, 7d avg +0.014%

Together, before fees+0.117%+$12 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 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.01952	0.0100	pay 0.0050% / 4h	50m 13s	$1.9M	$3.3M	50x
Short	BingX BLUR-USDT	0.01951	0.0100	get 0.0050% / 4h	50m 13s	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.014%: −$6.9
Slippage, 4 orders: −$75.45
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$102.35
Costs to cover: 0.954%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 8 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 Binance live order book, 9 min ago	2.55 bp	25.2 bp −$25	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	7.67 bp	25.9 bp −$26	72.3 bp −$723	653.4 bp −$65.3K	1049.7 bp −$524.8K

BLUR on 15 exchanges

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	+2.353%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0070%	4h	0.01956	+0.201%	$220K	$4K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01953	+0.053%	$1.3M	$397K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01952	+0.007%	$4K	$4K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.01952	long leg	$1.9M	$3.3M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01953	+0.022%	$1.2M	$815K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01952	−0.004%	$959K	$1.4M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01953	+0.048%	$785K	$172K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01954	+0.099%	$971K	$100K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01952	−0.004%	$573K	$111K	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01953	+0.048%	$761K	$408K	50x	as long as short
BingX BLUR-USDTshort	+0.0100%	4h	0.01951	−0.055%	—	$3.4M	—
Variational Omni BLUR	+0.0100%	8h	0.01951	−0.048%	$1K	$869	—	as long as short
dYdX BLUR-USD	+0.0557%	1h	0.01956	+0.201%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.0853%	1h	0.01954	+0.093%	$11K	$8K	10x	as long as short