Funding arb · Price arb /

BLUR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.010%

Price spread now: Injective against OKX+0.201%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

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

The price spread pays, funding is against you. Injective is 0.201% dearer against OKX than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BLUR-USDT-SWAP	0.01994	0.0100	pay 0.0050% / 4h	20m 45s	$985K	$1.7M	20x
Short	Injective BLUR/USDC PERP	0.01998	0.0033	get 0.0004% / 1h	20m 45s	$1K	$212	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.201%Rate

Funding earned: −$14
Price spread: +0.201% → 0.000%: $20.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$3.96
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Injective: 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 OKX live order book, 1 min ago	5.01 bp	23.4 bp −$23	802.1 bp −$8,021	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	+0.0033%	1h	0.01998	+0.201%	$1K	$212	5.5x
BloFin BLUR-USDT	+0.0053%	4h	0.01992	−0.100%	$354K	$2K	50x	as long as short
Hyperliquid BLUR	+0.0100%	1h	0.01996	+0.095%	$1.4M	$427K	3x	as long as short
Aster BLURUSDT	+0.0100%	4h	0.01995	+0.043%	$5K	$4K	5x	as long as short
Binance BLURUSDT	+0.0100%	4h	0.01996	+0.120%	$2.0M	$3.7M	50x	as long as short
Bybit BLURUSDT	+0.0100%	8h	0.01996	+0.110%	$1.3M	$1.0M	25x	as long as short
OKX BLUR-USDT-SWAPlong	+0.0100%	4h	0.01994	long leg	$985K	$1.7M	20x
MEXC BLUR_USDT	+0.0100%	4h	0.01996	+0.100%	$1.0M	$116K	20x	as long as short
KuCoin BLURUSDTM	+0.0100%	4h	0.01997	+0.150%	$580K	$125K	30x	as long as short
Bitget BLURUSDT	+0.0100%	4h	0.01997	+0.150%	$826K	$496K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BLUR-USDT	+0.0100%	4h	0.01996	+0.100%	—	$13.3M	—	as long as short
Variational Omni BLUR	+0.0100%	8h	0.01993	−0.039%	$1K	$849	—	as long as short
Gate BLUR_USDT	+0.0292%	4h	0.01997	+0.150%	$799K	$264K	50x	as long as short
dYdX BLUR-USD	+0.0574%	1h	0.01995	+0.030%	$26K	$328	5x	as long as short
Kraken Futures PF_BLURUSD	+0.5443%	1h	0.02005	+0.533%	$12K	$8K	10x	as long as short