Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Variational Omni against Injective−0.653%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.653% cheaper against Injective than usual: you would sell low and buy high (spread −0.653% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$65 on $10k: about 33 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	32m 47s	$1K	$212	5.5x
Short	Variational Omni BLUR	0.01985	0.0100	get 0.0100% / 8h	5h 32m	$1K	$849	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.653%Rate

Funding earned: $14
Price spread: −0.653% → 0.000%: −$65.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.27
Costs to cover: 0.000%
Break-even: 32.6 days

Slippage unknown: Injective: no order-book sample; Variational Omni: 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Injective and Variational Omni: 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	−2.9402%	1h	0.02004	+0.288%	$13K	$8K	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	0.01991	−0.365%	$1.4M	$442K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01991	−0.328%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01994	−0.200%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01994	−0.205%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01995	−0.150%	$988K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01992	−0.300%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01996	−0.100%	$577K	$118K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01993	−0.250%	$822K	$489K	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	0.01994	−0.200%	—	$13.5M	—	as long as short
Variational Omni BLURshort	+0.0100%	8h	0.01985	−0.653%	$1K	$849	—
BloFin BLUR-USDT	+0.0137%	4h	0.01992	−0.300%	$363K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0156%	4h	0.01995	−0.150%	$797K	$266K	50x	as long as short
dYdX BLUR-USD	+0.0224%	1h	0.01984	−0.720%	$25K	$328	5x	as long as short