Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Bybit−0.121%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$2852.846% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.121%, 7d avg +0.010%

Together, before fees+0.136%+$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: Bitget is 0.131% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BLURUSDT	0.01983	0.0100	pay 0.0100% / 8h	7h 51m	$1.2M	$920K	25x
Short	Bitget BLURUSDT	0.01981	0.0100	get 0.0050% / 4h	3h 51m	$772K	$529K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.010%: −$13.13
Slippage, 4 orders: −$261.59
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$297.72
Costs to cover: 2.846%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 44 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, 5 min ago	4.29 bp	123.6 bp −$124	1496.0 bp −$15.0K	doesn't fit	doesn't fit
Sell Bitget live order book, 44 min ago	7.59 bp	26.2 bp −$26	207.3 bp −$2,073	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.736%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01985	+0.091%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01981	−0.143%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01985	+0.081%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01983	long leg	$1.2M	$920K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01986	+0.131%	$993K	$1.6M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01985	+0.081%	$1.0M	$109K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01982	−0.071%	$574K	$128K	30x	as long as short
Bitget BLURUSDTshort	+0.0100%	4h	0.01981	−0.121%	$772K	$529K	50x
BingX BLUR-USDT	+0.0100%	4h	0.01983	−0.020%	—	$3.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01982	−0.074%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0154%	4h	0.01981	−0.121%	$284K	$3K	50x	as long as short
Gate BLUR_USDT	+0.0416%	4h	0.01985	+0.081%	$798K	$216K	50x	as long as short
dYdX BLUR-USD	+0.0675%	1h	0.01980	−0.191%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2673%	1h	0.01990	+0.341%	$11K	$8K	10x	as long as short