Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Binance against Bybit−0.045%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2422.416% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.045%, 7d avg −0.023%

Together, before fees+0.043%+$4 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: Binance is 0.023% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01994	0.0100	pay 0.0100% / 8h	2h 11m	$1.3M	$970K	25x
Short	Binance BLURUSDT	0.01993	0.0100	get 0.0050% / 4h	2h 11m	$2.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.023%: −$2.26
Slippage, 4 orders: −$220.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$243.86
Costs to cover: 2.416%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 9 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 Bybit live order book, 4 min ago	2.01 bp	105.0 bp −$105	1254.1 bp −$12.5K	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.51 bp	31.0 bp −$31	126.6 bp −$1,266	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	+0.0014%	1h	0.01995	+0.079%	$12K	$7K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.206%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0091%	4h	0.01991	−0.145%	$366K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01991	−0.155%	$1.3M	$399K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01993	−0.035%	$4K	$2K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01993	−0.045%	$2.0M	$3.4M	50x
Bybit BLURUSDTlong	+0.0100%	8h	0.01994	long leg	$1.3M	$970K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01993	−0.045%	$956K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01994	+0.005%	$794K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01993	−0.045%	$1.1M	$119K	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	0.01995	+0.055%	$586K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01993	−0.045%	$823K	$420K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01994	+0.005%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01991	−0.145%	$1K	$407	—	as long as short
dYdX BLUR-USD	+0.0229%	1h	0.01995	+0.049%	$26K	—	5x	as long as short