Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0729%/8h= −79.8% APRpaid last 24h −0.317%

Price spread now: Kraken Futures against Bitget−0.061%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Kraken Futures is 0.061% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BLURUSDT	0.02001	0.0100	pay 0.0050% / 4h	23m 37s	$826K	$438K	50x
Short	Kraken Futures PF_BLURUSD	0.02000	−0.0629	pay 0.0079% / 1h	23m 37s	$12K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$153.11
Price spread: −0.061% → 0.000%: −$6.12
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$181.23
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 52 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 52 min ago	7.52 bp	27.9 bp −$28	189.5 bp −$1,895	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_BLURUSDshort	−0.0629%	1h	0.02000	−0.061%	$12K	$5K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.150%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0069%	1h	0.01999	−0.115%	$1.4M	$426K	3x	as long as short
BloFin BLUR-USDT	+0.0073%	4h	0.02002	+0.050%	$360K	$2K	50x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01999	−0.089%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02000	−0.045%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02002	+0.045%	$1.3M	$968K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02001	0.000%	$972K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02003	+0.100%	$797K	$252K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01999	−0.100%	$1.1M	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02002	+0.050%	$584K	$97K	30x	as long as short
Bitget BLURUSDTlong	+0.0100%	4h	0.02001	long leg	$826K	$438K	50x
BingX BLUR-USDT	+0.0100%	4h	0.02002	+0.050%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02004	+0.126%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.2001%	1h	0.02002	+0.035%	$26K	$328	5x	as long as short