Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%

Price spread now: Bybit against BingX−0.036%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2702.696% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 7 days+0.148%+$15 · spread now −0.036%, 7d avg +0.007%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.043% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01967	0.0200	pay 0.0100% / 4h	2h 16m	—	$13.3M	—
Short	Bybit BLURUSDT	0.01966	0.0100	get 0.0100% / 8h	2h 16m	$1.2M	$933K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$21
Price spread: −0.036% → +0.007%: −$4.26
Slippage, 4 orders: −$248.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$294.9
Costs to cover: 2.696%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 5 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 BingX live order book, 7 min ago	7.66 bp	24.2 bp −$24	63.6 bp −$636	639.8 bp −$64.0K	960.5 bp −$480.3K
Sell Bybit live order book, 5 min ago	3.05 bp	118.7 bp −$119	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+1.576%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0087%	4h	0.01970	+0.153%	$365K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01966	−0.036%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01965	−0.120%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01967	+0.025%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01966	−0.036%	$1.2M	$933K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01966	−0.051%	$968K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01969	+0.102%	$791K	$258K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01967	0.000%	$1.0M	$120K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01967	0.000%	$566K	$126K	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	0.01967	0.000%	$770K	$552K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01961	−0.317%	$1K	$849	—	as long as short
BingX BLUR-USDTlong	+0.0200%	4h	0.01967	long leg	—	$13.3M	—
dYdX BLUR-USD	+0.1713%	1h	0.01964	−0.142%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3170%	1h	0.01976	+0.483%	$11K	$8K	10x	as long as short