Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−2.9470%/8h= −3226.9% APRpaid last 24h −0.382%

Price spread now: Kraken Futures against Bybit+0.605%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread pays, funding is against you. Kraken Futures is 0.605% dearer against Bybit than usual: you sell high and buy low (spread +0.605% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$884 a day in funding at the current rate, which eats that in about 2 hours.

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	5h 30m	$1.3M	$1.0M	25x
Short	Kraken Futures PF_BLURUSD	0.02006	−2.9370	pay 0.3671% / 1h	30m 31s	$13K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.605%Rate

Funding earned: −$6,188.63
Price spread: +0.605% → 0.000%: $60.51
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$6,149.13
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.27 bp	96.8 bp −$97	185.9 bp −$1,859	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	−2.9370%	1h	0.02006	+0.605%	$13K	$8K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.206%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01992	−0.085%	$1.4M	$442K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01991	−0.138%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01995	+0.055%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDTlong	+0.0100%	8h	0.01994	long leg	$1.3M	$1.0M	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01994	+0.005%	$987K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01994	+0.005%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01995	+0.055%	$576K	$118K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01992	−0.095%	$822K	$489K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01994	+0.005%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01994	+0.025%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0131%	4h	0.01994	+0.005%	$365K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0208%	4h	0.01997	+0.155%	$798K	$266K	50x	as long as short
dYdX BLUR-USD	+0.0472%	1h	0.01984	−0.515%	$25K	$328	5x	as long as short