Funding arb · Price arb /

BLUR

all BLUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX−0.010%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1021.017% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.010%, 7d avg +0.056%

Together, before fees+0.053%+$5 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: Binance is 0.066% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.01985	0.0100	pay 0.0050% / 4h	1h 57m	$981K	$1.7M	20x
Short	Binance BLURUSDT	0.01985	0.0100	get 0.0050% / 4h	1h 57m	$2.0M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.056%: −$6.56
Slippage, 4 orders: −$81.67
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$108.23
Costs to cover: 1.017%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 9 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 OKX live order book, 4 min ago	2.52 bp	27.3 bp −$27	550.6 bp −$5,506	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.52 bp	24.9 bp −$25	126.1 bp −$1,261	doesn't fit	doesn't fit

BLUR on 14 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	−2.9668%	1h	0.01986	+0.042%	$13K	$6K	10x	as long as short
dYdX BLUR-USD	0.0000%	1h	0.01986	+0.033%	$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	0.01985	+0.015%	$1.4M	$437K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01984	−0.025%	$5K	$4K	5x	as long as short
Binance BLURUSDTshort	+0.0100%	4h	0.01985	−0.010%	$2.0M	$3.7M	50x
Bybit BLURUSDT	+0.0100%	8h	0.01985	−0.010%	$1.3M	$996K	25x	as long as short
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.01985	long leg	$981K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01984	−0.050%	$1.0M	$114K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01987	+0.101%	$582K	$107K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BLURUSDT	+0.0100%	4h	0.01985	0.000%	$822K	$487K	50x	as long as short
BingX BLUR-USDT	+0.0100%	4h	0.01986	+0.050%	—	$13.5M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01983	−0.091%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0130%	4h	0.01987	+0.101%	$792K	$260K	50x	as long as short