Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Bybit against Injective+0.475%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Bybit

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.475% dearer against Injective than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BLUR/USDC PERP	0.01998	0.0033	pay 0.0004% / 1h	6m 48s	$1K	$212	5.5x
Short	Bybit BLURUSDT	0.02007	0.0100	get 0.0100% / 8h	7h 06m	$1.3M	$972K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now +0.475%Rate

Funding earned: $14
Price spread: +0.475% → 0.000%: $47.55
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $50.53
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.74 bp	77.1 bp −$77	218.2 bp −$2,182	doesn't fit	doesn't fit

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	−0.0737%	1h	0.02009	+0.526%	$13K	$6K	10x	as long as short
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
Hyperliquid BLUR	+0.0100%	1h	0.02006	+0.395%	$1.4M	$433K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02008	+0.515%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02008	+0.501%	$2.0M	$3.5M	50x	as long as short
Bybit BLURUSDTshort	+0.0100%	8h	0.02007	+0.475%	$1.3M	$972K	25x
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02006	+0.400%	$983K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02007	+0.450%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.02009	+0.551%	$583K	$101K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02008	+0.501%	$830K	$464K	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	0.02007	+0.450%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02006	+0.404%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0102%	4h	0.02010	+0.601%	$361K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0582%	4h	0.02011	+0.651%	$802K	$261K	50x	as long as short
dYdX BLUR-USD	+0.0598%	1h	0.02005	+0.333%	$26K	$328	5x	as long as short