Settings8H · net · $10k
Funding arb · Price arb /

BULLA

all BULLA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1260%/8h= +138.0% APRnext payment +$6.30 per $10,000 · paid last 24h +0.095%
Price spread now: MEXC against Aster0.000%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1101.098% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.191%−$19 on $10k
Price spread, last 7 days−0.195%−$20 · spread now 0.000%, 7d avg +0.053%
Together, before fees−0.386%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.053% cheaper against Aster than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$38 a day). Mind the row above: over the last 5 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.191% in total (about -13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BULLAUSDT0.10600.0844pay 0.0422% / 4h5m 48s$5.9M$1.0M5x
ShortMEXC BULLA_USDT0.10600.2104get 0.1052% / 4h5m 48s$7.7M$421K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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

Funding earned
$264.66
Price spread: 0.000% → +0.053%
−$5.29
Slippage, 4 orders
−$97.76
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
$149.61
Costs to cover
1.098%
Break-even
3.0 days
Slippage from Aster: live order book, 3 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago5.76 bp43.1 bp −$43301.9 bp −$3,019doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago0.47 bp9.6 bp −$1038.2 bp −$382277.8 bp −$27.8Kdoesn't fit

BULLA on 5 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BULLA_USDT+0.0170%4h0.1065+0.509%$1.3M$271K10xas long as short
Aster BULLAUSDTlong+0.0844%4h0.1060long leg$5.9M$1.0M5x
BingX BULLA-USDT+0.1994%4h0.1060+0.028%$6.6Mas long as short
MEXC BULLA_USDTshort+0.2104%4h0.10600.000%$7.7M$421K20x
Binance BULLAUSDT+0.2106%4h0.1060+0.038%$11.6M$9.3M10xas long as short