Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1748 | −0.0179 | get 0.0022% / 1h | 58m 15s | $4K | $352K | 20x | Long Bullet | |
| SHORT | 0.1749 | −0.0034 | pay 0.0017% / 4h | 3h 58m | $18.0M | $34.7M | 200x | Short BingX |
Price gap+0.103%
Funding gap+0.0145% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.101% above its 7d average: +$10 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$27+0.0145% /8h now · paid +0.270% over the last 7D
Price+$10spread +0.103% now, avg +0.002% → +0.101% if it goes back
Costs−$190.189% of $10k · taker + slippage, in and out
Result+$18+0.18%+ Points / potential airdropBullet: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.103%
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
2 ok · 4 to watch- Watch: Large against open interest2.2 / 6.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $50Bullet 20x, BingX 200x. 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: +$4.35Long Bullet: 24 payments, +$5.37; short BingX: 6 payments, −$1.02.
- OK: Entry gap works for you+0.103% vs +0.002%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$4K vs $18.0M 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 · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0129%/8h × 21 periods+$27.05
Price spread+0.103% → +0.002% (7d avg)+$10.15
Slippage, 4 orderslive order books−$8.85
Fee Bullet bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$18.34
Costs to cover0.189%Break-even2.3 days
Slippage: Bullet: live order book, 35 min ago; BingX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet2.242.2 bp−$26.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTBingX1.136.8 bp−$79.0 bp−$9019.7 bp−$1,97348.0 bp−$24.0K
Closing costs about the same again.
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