Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.009%

Price spread now: Injective against BloFin+1.783%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

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

The price spread pays, funding is against you. Injective is 1.783% dearer against BloFin than usual: you sell high and buy low (spread +1.783% now, against zero (this spread has no 7-day history yet)): +$178 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BLUR-USDT	0.01963	0.0074	pay 0.0037% / 4h	3h 28m	$279K	$2K	50x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	28m 59s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.783%Rate

Funding earned: −$8.46
Price spread: +1.783% → 0.000%: $178.3
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $157.81
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 28 min ago; Injective: 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 BloFin live order book, 28 min ago	7.56 bp	20.5 bp −$21	48.6 bp −$486	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	+1.783%	$1K	$212	5.5x
BloFin BLUR-USDTlong	+0.0074%	4h	0.01963	long leg	$279K	$2K	50x
Hyperliquid BLUR	+0.0100%	1h	0.01962	−0.051%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01964	+0.056%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01963	0.000%	$1.9M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01961	−0.122%	$1.2M	$924K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01962	−0.051%	$974K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01966	+0.153%	$790K	$217K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01962	−0.051%	$999K	$110K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01963	0.000%	$567K	$127K	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	0.01962	−0.051%	$765K	$525K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01961	−0.102%	—	$3.4M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01965	+0.080%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.0733%	1h	0.01972	+0.441%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2698%	1h	0.01972	+0.440%	$11K	$8K	10x	as long as short