Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3143%/8h= −344.2% APRpaid last 24h +0.528%

Price spread now: OKX against Kraken Futures−0.199%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 OKX

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 −$94 a day on $10k at the current rate, and OKX is 0.199% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 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	0.01986	0.3243	pay 0.0405% / 1h	5m 10s	$11K	$8K	10x
Short	OKX BLUR-USDT-SWAP	0.01982	0.0100	get 0.0050% / 4h	5m 10s	$990K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.199%Rate

Funding earned: −$660.02
Price spread: −0.199% → 0.000%: −$19.86
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$699.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; OKX: 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 OKX live order book, 2 min ago	5.05 bp	32.1 bp −$32	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	+0.607%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01980	−0.274%	$1.3M	$425K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01979	−0.344%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01981	−0.249%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01980	−0.279%	$1.2M	$925K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01982	−0.199%	$990K	$1.6M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01980	−0.299%	$1.0M	$115K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01981	−0.249%	$574K	$128K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01980	−0.299%	$772K	$529K	50x	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01981	−0.267%	$1K	$849	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BLUR-USDT	+0.0134%	4h	0.01980	−0.299%	$285K	$3K	50x	as long as short
Gate BLUR_USDT	+0.0150%	4h	0.01982	−0.199%	$796K	$230K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01981	−0.249%	—	$3.4M	—	as long as short
dYdX BLUR-USD	+0.0304%	1h	0.01980	−0.313%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSDlong	+0.3243%	1h	0.01986	long leg	$11K	$8K	10x