Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0681%/8h= +74.6% APRpaid last 24h +0.314%

Price spread now: BloFin against Kraken Futures−0.299%57s7-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 BloFin

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. BloFin is 0.299% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.299% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 35 hours of funding at the current rate (+$20 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.02011	−0.0626	get 0.0078% / 1h	44m 05s	$12K	$5K	10x
Short	BloFin BLUR-USDT	0.02005	0.0055	get 0.0028% / 4h	44m 05s	$348K	$2K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.299%Rate

Funding earned: $143.01
Price spread: −0.299% → 0.000%: −$29.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $91.13
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 31 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 BloFin live order book, 31 min ago	2.51 bp	17.9 bp −$18	65.9 bp −$659	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
Kraken Futures PF_BLURUSDlong	−0.0626%	1h	0.02011	long leg	$12K	$5K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	−0.647%	$1K	$212	5.5x	as long as short
BloFin BLUR-USDTshort	+0.0055%	4h	0.02005	−0.299%	$348K	$2K	50x
Hyperliquid BLUR	+0.0100%	1h	0.02009	−0.120%	$1.4M	$423K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.02009	−0.120%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.02009	−0.100%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.02011	+0.009%	$1.3M	$970K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.02009	−0.100%	$967K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02012	+0.049%	$803K	$249K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.02010	−0.050%	$1.1M	$116K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BLURUSDTM	+0.0100%	4h	0.02012	+0.049%	$590K	$96K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.02011	0.000%	$830K	$434K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02009	−0.100%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.02007	−0.217%	$1K	$849	—	as long as short
dYdX BLUR-USD	+0.4804%	1h	0.02006	−0.229%	$26K	$328	5x	as long as short