Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4853 | −0.0006 | get 0.0003% / 4h | 56m 10s | $19.7M | $80.0M | 75x | Long Binance | |
| SHORT | 0.4868 | −0.0007 | pay 0.0001% / 1h | 56m 10s | $3K | $204K | 20x | Short Bullet |
Price gap+0.301%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$31 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$520.0000% /8h now · paid −0.524% over the last 7D
Price+$31spread +0.301% now, avg −0.010% → +0.311% if it goes back
Costs−$260.256% of $10k · taker + slippage, in and out
Result−$47−0.47%+ 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+0.301%
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
/8hTIA on 28 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest9.4 / 2.5 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$133 + $500Binance 75x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.01Long Binance: 6 payments, +$0.19; short Bullet: 24 payments, −$0.21.
- OK: Entry gap works for you+0.301% vs −0.010%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$3K vs $19.7M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet pointsVolume here counts toward the points program.
- Watch: KYCBinance Yes · Bullet NoVerified 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−0.0250%/8h × 21 periods−$52.43
Price spread+0.301% → −0.010% (7d avg)+$31.11
Slippage, 4 orderslive order books−$15.63
Fee Binance bp × 2 orders−$10.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$46.95
Costs to cover0.256%Break-evenfrom the start
Slippage: Binance: live order book, 10 min ago; Bullet: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance1.029.4 bp−$920.0 bp−$200115.6 bp−$11.6Kdoesn’t fit
SELL · SHORTBullet2.542.5 bp−$36.8 bp−$68doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($TIA) seen by our collector |
| 10-20 07:59 | Bullet | Listing | By popular demand, $TIA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |