Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0532%/8hpaid last 24h +0.248%

Price spread now: KuCoin against Kraken Futures+0.347%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on KuCoin

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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and KuCoin is 0.347% dearer against Kraken Futures than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BLURUSD	0.01995	−0.0432	get 0.0054% / 1h	23m 26s	$12K	$8K	10x
Short	KuCoin BLURUSDTM	0.02002	0.0100	get 0.0050% / 4h	23m 26s	$587K	$96K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.347%Rate

Funding earned: $111.78
Price spread: +0.347% → 0.000%: $34.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $124.43
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: 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 KuCoin live order book, 3 min ago	7.53 bp	158.3 bp −$158	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
Kraken Futures PF_BLURUSDlong	−0.0432%	1h	0.01995	long leg	$12K	$8K	10x
Injective BLUR/USDC PERP	+0.0033%	1h	0.01880	−5.769%	$1K	$18K	5.5x	as long as short
dYdX BLUR-USD	+0.0056%	1h	0.01993	−0.111%	$26K	—	5x	as long as short
BloFin BLUR-USDT	+0.0061%	4h	0.01995	−0.004%	$363K	$3K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01997	+0.101%	$1.4M	$191K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01999	+0.205%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01998	+0.146%	$1.9M	$3.1M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01999	+0.201%	$1.3M	$979K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01996	+0.046%	$963K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.02003	+0.397%	$794K	$246K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BLUR_USDT	+0.0100%	4h	0.01998	+0.146%	$1.1M	$118K	20x	as long as short
KuCoin BLURUSDTMshort	+0.0100%	4h	0.02002	+0.347%	$587K	$96K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01999	+0.196%	$825K	$400K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.02000	+0.246%	—	$13.2M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01990	−0.260%	$1K	$1	—	as long as short