Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Bybit against Binance−0.003%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1941.938% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.003%, 7d avg +0.021%

Together, before fees−0.007%−$1 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: Bybit is 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BLURUSDT	0.02012	0.0100	pay 0.0050% / 4h	3h 56m	$2.0M	$3.5M	50x
Short	Bybit BLURUSDT	0.02012	0.0100	get 0.0100% / 8h	7h 56m	$1.3M	$973K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.021%: −$2.43
Slippage, 4 orders: −$172.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$196.27
Costs to cover: 1.938%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 9 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	2.48 bp	18.3 bp −$18	128.3 bp −$1,283	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	3.97 bp	47.5 bp −$48	177.6 bp −$1,776	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	−0.0741%	1h	0.01996	−0.826%	$12K	$5K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.718%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0090%	4h	0.02010	−0.122%	$362K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.02012	−0.003%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02010	−0.130%	$4K	$3K	5x	as long as short
Binance BLURUSDTlong	+0.0100%	4h	0.02012	long leg	$2.0M	$3.5M	50x
Bybit BLURUSDTshort	+0.0100%	8h	0.02012	−0.003%	$1.3M	$973K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02014	+0.077%	$982K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02011	−0.072%	$1.1M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02013	+0.027%	$585K	$99K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.02015	+0.126%	$835K	$441K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02011	−0.072%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02013	+0.041%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.0548%	1h	0.02006	−0.316%	$26K	$328	5x	as long as short
Gate BLUR_USDT	+0.0776%	4h	0.02013	+0.027%	$800K	$244K	50x	as long as short