BLUR arbitrage explained
Right now Blur (BLUR) trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0194 and the highest bid on Gate perp at $0.0194.
The widest BLUR perpetual spread is between OKX and Gate: long BLUR on OKX at $0.0194 and short on Gate at $0.0194 for +0.16% gross, or -0.00% 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 0.000% 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 Gate: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.
Spot–spot BLUR arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) 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.