Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: KuCoin against Injective−1.051%7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 1.051% cheaper against Injective than usual: you would sell low and buy high (spread −1.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$105 on $10k: about 53 days of funding at the current rate (+$2 a day).

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	2m 39s	$1K	$212	5.5x
Short	KuCoin BLURUSDTM	0.01977	0.0100	get 0.0050% / 4h	2h 02m	$569K	$126K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −1.051%Rate

Funding earned: $14
Price spread: −1.051% → 0.000%: −$105.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.13
Costs to cover: 0.120%
Break-even: 58.6 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 56 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 KuCoin live order book, 56 min ago	7.58 bp	367.1 bp −$367	doesn't fit	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
Injective BLUR/USDC PERPlong	+0.0033%	1h	0.01998	long leg	$1K	$212	5.5x
BloFin BLUR-USDT	+0.0096%	4h	0.01978	−1.001%	$355K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01976	−1.086%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01975	−1.173%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01977	−1.036%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01978	−1.016%	$1.2M	$933K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01978	−1.001%	$973K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01976	−1.101%	$1.0M	$121K	20x	as long as short
KuCoin BLURUSDTMshort	+0.0100%	4h	0.01977	−1.051%	$569K	$126K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01977	−1.051%	$773K	$552K	50x	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	0.01976	−1.078%	$1K	$849	—	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01979	−0.951%	—	$3.4M	—	as long as short
Gate BLUR_USDT	+0.0260%	4h	0.01977	−1.051%	$793K	$260K	50x	as long as short
dYdX BLUR-USD	+0.1800%	1h	0.01969	−1.476%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3160%	1h	0.01982	−0.786%	$11K	$8K	10x	as long as short