Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3528%/8h= −386.3% APRpaid last 24h +0.707%

Price spread now: BingX against Kraken Futures−0.300%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 BingX

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 −$106 a day on $10k at the current rate, and BingX is 0.300% cheaper against Kraken Futures than usual: you would sell low and buy high (−$30 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	0.01993	0.3728	pay 0.0466% / 1h	20m 36s	$12K	$6K	10x
Short	BingX BLUR-USDT	0.01987	0.0200	get 0.0100% / 4h	3h 20m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.300%Rate

Funding earned: −$740.85
Price spread: −0.300% → 0.000%: −$29.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$790.83
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago	7.56 bp	24.4 bp −$24	65.4 bp −$654	662.6 bp −$66.3K	1001.7 bp −$500.9K

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	+0.252%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDT	+0.0092%	4h	0.01984	−0.450%	$343K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01987	−0.310%	$1.3M	$429K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01986	−0.341%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01988	−0.251%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01987	−0.320%	$1.2M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01988	−0.250%	$986K	$1.7M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01988	−0.250%	$796K	$252K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01987	−0.300%	$1.0M	$117K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01988	−0.250%	$572K	$132K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01990	−0.149%	$822K	$499K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01986	−0.327%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.0178%	1h	0.01986	−0.368%	$26K	$328	5x	as long as short
BingX BLUR-USDTshort	+0.0200%	4h	0.01987	−0.300%	—	$13.3M	—
Kraken Futures PF_BLURUSDlong	+0.3728%	1h	0.01993	long leg	$12K	$6K	10x