BLUR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0210%/8h= −23.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.016%

Price spread now: Binance against Gate−0.151%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1281.283% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.151%, 7d avg −0.045%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.106% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BLUR_USDT	0.01983	0.0310	pay 0.0155% / 4h	3h 55m	$797K	$216K	50x
Short	Binance BLURUSDT	0.01980	0.0100	get 0.0050% / 4h	3h 55m	$2.0M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.151%Rate

Funding earned: −$44.1
Price spread: −0.151% → −0.045%: −$10.58
Slippage, 4 orders: −$103.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$183.02
Costs to cover: 1.283%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Binance: live order book, 11 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 Gate live order book, 41 min ago	7.57 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.53 bp	24.3 bp −$24	100.5 bp −$1,005	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	+0.756%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01979	−0.202%	$1.3M	$425K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01980	−0.157%	$5K	$4K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01980	−0.151%	$2.0M	$3.6M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.141%	$1.2M	$924K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01981	−0.101%	$991K	$1.6M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01978	−0.252%	$1.0M	$108K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01981	−0.101%	$574K	$128K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01980	−0.151%	$772K	$529K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01982	−0.050%	—	$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	−0.054%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0119%	4h	0.01981	−0.101%	$286K	$3K	50x	as long as short
Gate BLUR_USDTlong	+0.0310%	4h	0.01983	long leg	$797K	$216K	50x
dYdX BLUR-USD	+0.0843%	1h	0.01980	−0.171%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.2677%	1h	0.01987	+0.182%	$11K	$8K	10x	as long as short