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: BingX against Bitget−0.050%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.050%, 7d avg +0.007%

Together, before fees+0.145%+$14 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 0.057% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BLURUSDT	0.01986	0.0100	pay 0.0050% / 4h	1h 34m	$820K	$490K	50x
Short	BingX BLUR-USDT	0.01985	0.0100	get 0.0050% / 4h	1h 34m	—	$13.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.007%: −$5.71
Slippage, 4 orders: −$88.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$116.01
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; BingX: live order book, 4 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 Bitget live order book, 26 min ago	10.09 bp	30.5 bp −$30	196.6 bp −$1,966	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	7.57 bp	27.0 bp −$27	76.2 bp −$762	637.0 bp −$63.7K	1014.8 bp −$507.4K

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	−2.9479%	1h	0.01998	+0.629%	$13K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.604%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0094%	4h	0.01984	−0.101%	$361K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01984	−0.106%	$1.3M	$442K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01984	−0.112%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01987	+0.050%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01986	+0.010%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01987	+0.050%	$984K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01988	+0.101%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01989	+0.151%	$575K	$119K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDTlong	+0.0100%	4h	0.01986	long leg	$820K	$490K	50x
BingX BLUR-USDTshort	+0.0100%	4h	0.01985	−0.050%	—	$13.5M	—
Variational Omni BLUR	+0.0100%	8h	0.01985	−0.052%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0136%	4h	0.01989	+0.151%	$795K	$265K	50x	as long as short
dYdX BLUR-USD	+0.0217%	1h	0.01984	−0.120%	$25K	$328	5x	as long as short