Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.9403 | −0.0332 | get 0.0041% / 1h | 32m 11s | $63K | $158K | 20x | Long Bullet | |
| SHORT | 4.9629 | +0.0223 | get 0.0028% / 1h | 32m 11s | $2.6M | $3.8M | 10x | Short Phoenix |
Price gap+0.457%62s
Funding gap+0.0555% /8h
Both sides work: funding pays +$17 a day on $10k, and the gap is 0.268% above its 7d average: +$27 more if it goes back.
The two prices were read 62 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$104+0.0555% /8h now · paid +1.039% over the last 6 days (all we have)
Price—spread +0.457%62s now · prices read too far apart to compare
Costs−$410.407% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phoenix price against Bulletnow
RANGE STATS · 7D
Now+0.457%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 44 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Large against open interest5.9 / 14.1 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $1,000Bullet 20x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$16.65Long Bullet: 24 payments, +$9.95; short Phoenix: 24 payments, +$6.70.
- Watch: Prices read 62 s apart+0.457% vs +0.190%Part of this gap may be the market moving.
- Watch: Long leg is thinner$63K vs $2.6M OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legBullet No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0592%/8h × 21 periods+$124.23
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$25.74
Fee Bullet bp × 2 orders−$8.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$83.48
price spread not counted: prices read too far apartCosts to cover0.407%Break-even2.3 days
Slippage: Bullet: live order book, 7 min ago; Phoenix: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet1.515.9 bp−$611.3 bp−$113doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.0214.1 bp−$1427.4 bp−$274doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | NEARRUSDPERP no longer reported ($NEAR) seen by our collector |
| 09-29 11:00 | Bulk | Listing | NEAR-USD no longer reported ($NEAR) seen by our collector |
| 09-28 18:50 | Aevo | Other | bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 09-28 03:00 | MEXC | Other | NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗ |
| 09-27 09:30 | HTX | Points | HTX Futures Hot Coin Points Challenge! 🔹Trade popular futures pairs, earn points & redeem Gold and trending token rewards! 🔹More Trading → More Points → More Rewards Gold｜ Trending Tokens｜ More Rewards 🔹 Trading Pairs: DOGE/NEAR/SUI/SNDK/MU Join now: @HTX_Global on X ↗ |
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