Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2597%/8h= −284.4% APRpaid last 24h +0.479%

Price spread now: Gate against Kraken Futures−0.349%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 Gate

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 −$78 a day on $10k at the current rate, and Gate is 0.349% cheaper against Kraken Futures than usual: you would sell low and buy high (−$35 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	0.01972	0.2697	pay 0.0337% / 1h	30m 00s	$11K	$8K	10x
Short	Gate BLUR_USDT	0.01965	0.0100	get 0.0050% / 4h	3h 30m	$790K	$217K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.349%Rate

Funding earned: −$545.45
Price spread: −0.349% → 0.000%: −$34.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$605.35
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	7.63 bp	40.6 bp −$41	doesn't fit	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	+1.325%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01962	−0.506%	$1.3M	$421K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01964	−0.393%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01962	−0.501%	$1.9M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01962	−0.527%	$1.2M	$924K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01962	−0.501%	$974K	$1.6M	20x	as long as short
Gate BLUR_USDTshort	+0.0100%	4h	0.01965	−0.349%	$790K	$217K	50x
MEXC BLUR_USDT	+0.0100%	4h	0.01961	−0.552%	$999K	$110K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01962	−0.501%	$568K	$127K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01962	−0.501%	$765K	$525K	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	0.01963	−0.450%	—	$3.4M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01965	−0.371%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0111%	4h	0.01963	−0.450%	$279K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0759%	1h	0.01972	−0.011%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSDlong	+0.2697%	1h	0.01972	long leg	$11K	$8K	10x