Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1753 | −0.0248 | get 0.0031% / 1h | 1m 36s | $4K | $352K | 20x | Long Bullet | |
| SHORT | 0.1752 | −0.0038 | pay 0.0019% / 4h | 1m 36s | $31.9M | $80.5M | 75x | Short Bitget |
Price gap−0.063%
Funding gap+0.0210% /8h
Funding pays +$6 a day on $10k, but the gap is 0.020% under its 7d average: −$2 if it goes back, about 8 hours of funding. At the last 7 days' pace that is about 19 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18+0.0210% /8h now · paid +0.184% over the last 7D
Price−$2spread −0.063% now, avg −0.042% → −0.020% if it goes back
Costs−$290.289% of $10k · taker + slippage, in and out
Result−$13−0.13%+ 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−0.063%
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 / 9.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $133Bullet 20x, Bitget 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: +$6.29Long Bullet: 24 payments, +$7.43; short Bitget: 6 payments, −$1.14.
- Watch: Gap narrower than usual−0.063% vs −0.042%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$4K vs $31.9M 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 · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0088%/8h × 21 periods+$18.45
Price spread−0.063% → −0.042% (7d avg)−$2.05
Slippage, 4 orderslive order books−$16.90
Fee Bullet bp × 2 orders$0.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$12.50
Costs to cover0.289%Break-even11.7 days
Slippage: Bullet: live order book, 31 min ago; Bitget: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet2.242.2 bp−$26.6 bp−$66doesn’t fitdoesn’t fit
SELL · SHORTBitget0.289.8 bp−$1018.4 bp−$18456.1 bp−$5,612216.2 bp−$108.1K
Closing costs about the same again.
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