Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3157%/8h= −345.6% APRpaid last 24h +0.528%

Price spread now: Binance against Kraken Futures−0.070%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Binance

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 against this trade now: funding costs −$95 a day on $10k at the current rate, and Binance is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01978	0.3257	pay 0.0407% / 1h	17m 31s	$11K	$8K	10x
Short	Binance BLURUSDT	0.01976	0.0100	get 0.0050% / 4h	17m 31s	$2.0M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.070%Rate

Funding earned: −$662.88
Price spread: −0.070% → 0.000%: −$6.97
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$689.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	2.54 bp	18.5 bp −$19	101.2 bp −$1,012	doesn't fit	doesn't fit

Kraken Futures: 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 PERP	+0.0033%	1h	0.01998	+1.029%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0050%	4h	0.01975	−0.134%	$293K	$3K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01976	−0.068%	$1.3M	$424K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01976	−0.095%	$5K	$4K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01976	−0.070%	$2.0M	$3.6M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01976	−0.063%	$1.2M	$928K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01975	−0.134%	$986K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01976	−0.083%	$1.0M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01977	−0.033%	$573K	$128K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01976	−0.083%	$770K	$534K	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	0.01972	−0.295%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0182%	4h	0.01977	−0.033%	$795K	$230K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01975	−0.134%	—	$3.4M	—	as long as short
dYdX BLUR-USD	+0.0325%	1h	0.01975	−0.154%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSDlong	+0.3257%	1h	0.01978	long leg	$11K	$8K	10x