Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin0.000%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1961.964% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.340%+$34 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now 0.000%, 7d avg −0.029%

Together, before fees+0.284%+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.01989	0.0100	pay 0.0050% / 4h	1h 59m	$583K	$97K	30x
Short	Bitget BLURUSDT	0.01989	0.0100	get 0.0050% / 4h	1h 59m	$821K	$419K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.029%: $2.88
Slippage, 4 orders: −$172.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$193.54
Costs to cover: 1.964%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; Bitget: live order book, 21 min ago.

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 KuCoin live order book, 13 min ago	10.02 bp	74.2 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 21 min ago	10.02 bp	22.5 bp −$22	130.3 bp −$1,303	doesn't fit	doesn't fit

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_BLURUSD	+0.0014%	1h	0.01988	−0.034%	$12K	$7K	10x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.452%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01985	−0.186%	$1.3M	$398K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01987	−0.084%	$4K	$2K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01988	−0.075%	$2.0M	$3.4M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01989	−0.020%	$1.3M	$971K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01985	−0.201%	$951K	$1.6M	20x	as long as short
Gate BLUR_USDT	+0.0100%	4h	0.01989	0.000%	$792K	$250K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01987	−0.101%	$1.1M	$119K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.01989	long leg	$583K	$97K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDTshort	+0.0100%	4h	0.01989	0.000%	$821K	$419K	50x
BingX BLUR-USDT	+0.0100%	4h	0.01988	−0.050%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01987	−0.079%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0144%	4h	0.01987	−0.101%	$358K	$2K	50x	as long as short
dYdX BLUR-USD	+0.0187%	1h	0.01991	+0.095%	$26K	—	5x	as long as short