Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.3721%/8h= −407.5% APRpaid last 24h −0.315%

Price spread now: Kraken Futures against KuCoin−0.345%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Kraken Futures

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 −$112 a day on $10k at the current rate, and Kraken Futures is 0.345% cheaper against KuCoin than usual: you would sell low and buy high (−$34 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	KuCoin BLURUSDTM	0.01985	0.0100	pay 0.0050% / 4h	2h 58m	$576K	$101K	30x
Short	Kraken Futures PF_BLURUSD	0.01978	−0.3621	pay 0.0453% / 1h	58m 03s	$13K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.345%Rate

Funding earned: −$781.45
Price spread: −0.345% → 0.000%: −$34.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$837.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 55 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 55 min ago	12.42 bp	105.7 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_BLURUSDshort	−0.3621%	1h	0.01978	−0.345%	$13K	$6K	10x
dYdX BLUR-USD	0.0000%	1h	0.01997	+0.620%	$26K	$328	5x	as long as short
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+0.655%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01983	−0.106%	$1.3M	$434K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01988	+0.160%	$4K	$3K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01987	+0.101%	$2.0M	$3.6M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01987	+0.101%	$1.3M	$977K	25x	as long as short
OKX BLUR-USDT-SWAP	+0.0100%	4h	0.01987	+0.101%	$976K	$1.7M	20x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01983	−0.101%	$1.1M	$114K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.01985	long leg	$576K	$101K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01987	+0.101%	$820K	$471K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01986	+0.050%	—	$13.7M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01991	+0.282%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0158%	4h	0.01990	+0.252%	$360K	$2K	50x	as long as short
Gate BLUR_USDT	+0.0414%	4h	0.01987	+0.101%	$792K	$258K	50x	as long as short