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 0.000%

Price spread now: Bybit against Bitget−0.050%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2162.155% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.050%, 7d avg −0.011%

Together, before fees+0.152%+$15 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 0.040% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BLURUSDT	0.01981	0.0100	pay 0.0050% / 4h	1h 39m	$818K	$489K	50x
Short	Bybit BLURUSDT	0.01980	0.0100	get 0.0100% / 8h	5h 39m	$1.3M	$1.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.011%: −$3.97
Slippage, 4 orders: −$192.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$219.51
Costs to cover: 2.155%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; Bybit: 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 Bitget live order book, 21 min ago	10.09 bp	30.5 bp −$30	196.6 bp −$1,966	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.04 bp	82.5 bp −$82	184.6 bp −$1,846	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	−2.9581%	1h	0.01992	+0.536%	$13K	$8K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.858%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01982	+0.045%	$1.3M	$441K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01985	+0.198%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01981	−0.023%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.01980	−0.050%	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01981	0.000%	$981K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01984	+0.151%	$793K	$264K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01981	0.000%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01986	+0.252%	$574K	$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	0.01981	long leg	$818K	$489K	50x
BingX BLUR-USDT	+0.0100%	4h	0.01983	+0.101%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01985	+0.195%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0137%	4h	0.01980	−0.050%	$359K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0261%	1h	0.01986	+0.234%	$26K	$328	5x	as long as short