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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: OKX against BingX0.000%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1041.035% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now 0.000%, 7d avg −0.066%

Together, before fees−0.113%−$11 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: OKX is 0.066% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BLUR-USDT	0.01996	0.0100	pay 0.0050% / 4h	2h 46m	—	$13.5M	—
Short	OKX BLUR-USDT-SWAP	0.01996	0.0100	get 0.0050% / 4h	2h 46m	$984K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.066%: $6.57
Slippage, 4 orders: −$83.52
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.95
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; OKX: live order book, 1 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	10.05 bp	34.9 bp −$35	76.7 bp −$767	670.0 bp −$67.0K	990.6 bp −$495.3K
Sell OKX live order book, 1 min ago	2.51 bp	15.1 bp −$15	390.4 bp −$3,904	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	−0.3584%	1h	0.01998	+0.123%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.100%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01994	−0.100%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01995	−0.055%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01996	0.000%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01996	0.000%	$1.3M	$992K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01996	0.000%	$984K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01995	−0.050%	$1.1M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01998	+0.100%	$585K	$105K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01995	−0.050%	$824K	$478K	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-USDTlong	+0.0100%	4h	0.01996	long leg	—	$13.5M	—
Variational Omni BLUR	+0.0100%	8h	0.01994	−0.118%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0119%	4h	0.01996	0.000%	$364K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0412%	4h	0.01998	+0.100%	$797K	$262K	50x	as long as short
dYdX BLUR-USD	+0.0551%	1h	0.01991	−0.264%	$26K	$328	5x	as long as short