Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1730 | −0.0238 | get 0.0030% / 1h | 52m 53s | $6K | $355K | 20x | Long Bullet | |
| SHORT | 0.1732 | −0.0111 | pay 0.0055% / 4h | 3h 52m | $89.0M | $619.0M | 75x | Short Binance |
Price gap+0.104%51s
Funding gap+0.0127% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.094% above its 7d average: +$9 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21+0.0127% /8h now · paid +0.214% over the last 7D
Price—spread +0.104%51s now · prices read too far apart to compare
Costs−$220.217% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.104%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hENA on 44 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest2.2 / 7.6 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $133Bullet 20x, Binance 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.81Long Bullet: 24 payments, +$7.14; short Binance: 6 payments, −$3.33.
- Watch: Prices read 51 s apart+0.104% vs +0.010%Part of this gap may be the market moving.
- Watch: Long leg is thinner$6K vs $89.0M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet pointsVolume here counts toward the points program.
- Watch: KYCBullet No · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0102%/8h × 21 periods+$21.42
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$11.66
Fee Bullet bp × 2 orders$0.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$0.24
price spread not counted: prices read too far apartCosts to cover0.217%Break-even7.1 days
Slippage: Bullet: live order book, 40 min ago; Binance: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet2.242.2 bp−$26.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTBinance0.577.6 bp−$812.4 bp−$12452.2 bp−$5,223doesn’t fit
Closing costs about the same again.
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