Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.153%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$438as in the Funding arb table

Net, price: spread back to 7d avg − costs−$462as in the Price arb table

costs, in and out, $10k−$4554.552% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.153%, 7d avg −0.090%

Together, before fees+0.343%+$34 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: OKX is 0.064% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BLURUSDTM	0.01956	0.0100	pay 0.0050% / 4h	2h 25m	$563K	$126K	30x
Short	OKX BLUR-USDT-SWAP	0.01953	0.0100	get 0.0050% / 4h	2h 25m	$963K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.090%: −$6.36
Slippage, 4 orders: −$433.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$461.57
Costs to cover: 4.552%
Break-even: never at this rate

Slippage from KuCoin: live order book, 33 min ago; OKX: live order book, 1 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, 33 min ago	7.58 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.56 bp	38.0 bp −$38	doesn't fit	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
Injective BLUR/USDC PERP	+0.0033%	1h	0.01998	+2.147%	$1K	$212	5.5x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01953	−0.174%	$1.3M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01955	−0.033%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01954	−0.095%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01954	−0.112%	$1.2M	$927K	25x	as long as short
OKX BLUR-USDT-SWAPshort	+0.0100%	4h	0.01953	−0.153%	$963K	$1.6M	20x
Gate BLUR_USDT	+0.0100%	4h	0.01956	0.000%	$784K	$257K	50x	as long as short
MEXC BLUR_USDT	+0.0100%	4h	0.01953	−0.153%	$995K	$120K	20x	as long as short
KuCoin BLURUSDTMlong	+0.0100%	4h	0.01956	long leg	$563K	$126K	30x
Bitget BLURUSDT	+0.0100%	4h	0.01953	−0.153%	$768K	$548K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BLUR	+0.0100%	8h	0.01953	−0.144%	$1K	$849	—	as long as short
BloFin BLUR-USDT	+0.0141%	4h	0.01955	−0.051%	$363K	$2K	50x	as long as short
BingX BLUR-USDT	+0.0200%	4h	0.01954	−0.102%	—	$13.3M	—	as long as short
dYdX BLUR-USD	+0.1814%	1h	0.01956	0.000%	$25K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.3198%	1h	0.01959	+0.156%	$11K	$8K	10x	as long as short