BLUR arbitrage explained
Right now Blur (BLUR) trades on 10 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0189 and the highest bid on OKX spot at $0.0189.
The widest BLUR perpetual spread is between Bybit and Binance: long BLUR on Bybit at $0.0189 and short on Binance at $0.0189 for +0.01% gross, or -0.15% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.019% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BLUR route is to buy spot on Binance and short the perpetual on Binance: -0.11% gross, -0.31% net, with +0.029% a day of funding on the short leg.
Spot–spot BLUR arbitrage (buy on Binance, withdraw, deposit and sell on OKX) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small BLUR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: BLUR funding rates · BLUR spread charts · Blur price · arbitrage scanner for all coins.