Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Gate+0.150%7-day average — · you sell dearer than you buy

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

Long on Gate 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 0.150% dearer against Gate than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BLUR_USDT	0.01995	0.0100	pay 0.0050% / 4h	2h 20m	$795K	$249K	50x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	20m 56s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.150%Rate

Funding earned: −$14
Price spread: +0.150% → 0.000%: $15.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$13.98
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	5.01 bp	51.5 bp −$52	doesn't fit	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
Kraken Futures PF_BLURUSD	+0.0014%	1h	0.01983	−0.621%	$12K	$6K	10x	as long as short
Injective BLUR/USDC PERPshort	+0.0033%	1h	0.01998	+0.150%	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.01993	−0.105%	$1.3M	$395K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01995	−0.023%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01995	0.000%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01994	−0.045%	$1.3M	$967K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01994	−0.050%	$957K	$1.6M	20x	as long as short
Gate BLUR_USDTlong	+0.0100%	4h	0.01995	long leg	$795K	$249K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.01995	0.000%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01997	+0.100%	$586K	$96K	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	0.01994	−0.050%	$823K	$419K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01995	0.000%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01993	−0.114%	$1K	$2	—	as long as short
BloFin BLUR-USDT	+0.0124%	4h	0.01994	−0.050%	$364K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0171%	1h	0.01988	−0.331%	$26K	—	5x	as long as short