BLUR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.200%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1211.205% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.200%, 7d avg −0.097%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.103% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.097%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 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	0.01998	0.0412	pay 0.0206% / 4h	2h 46m	$797K	$262K	50x
Short	OKX BLUR-USDT-SWAP	0.01994	0.0100	get 0.0050% / 4h	2h 46m	$982K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.200%Rate

Funding earned: −$65.52
Price spread: −0.200% → −0.097%: −$10.28
Slippage, 4 orders: −$95.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$196.34
Costs to cover: 1.205%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; OKX: live order book, 1 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, 21 min ago	7.47 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.51 bp	15.1 bp −$15	390.4 bp −$3,904	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	−0.3584%	1h	0.01998	+0.023%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	0.000%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01994	−0.200%	$1.4M	$436K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01994	−0.196%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01996	−0.094%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01996	−0.085%	$1.3M	$992K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01994	−0.200%	$982K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01996	−0.100%	$1.1M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01998	0.000%	$585K	$105K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01998	0.000%	$826K	$477K	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	0.01996	−0.100%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01994	−0.218%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0119%	4h	0.01996	−0.100%	$364K	$2K	50x	as long as short
Gate BLUR_USDTlong	+0.0412%	4h	0.01998	long leg	$797K	$262K	50x
dYdX BLUR-USD	+0.0551%	1h	0.01991	−0.364%	$26K	$328	5x	as long as short