Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4864 | −0.0448 | get 0.0056% / 1h | 52m 31s | $1K | $209K | 20x | Long Bullet | |
| SHORT | 0.4857 | +0.0089 | get 0.0044% / 4h | 3h 52m | $19.9M | $82.0M | 75x | Short Binance |
Price gap−0.137%
Funding gap+0.0537% /8h
Funding pays +$16 a day on $10k, but the gap is 0.147% under its 7d average: −$15 if it goes back, about 22 hours of funding. At the last 7 days' pace that is about 47 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53+0.0537% /8h now · paid +0.526% over the last 7D
Price−$15spread −0.137% now, avg +0.010% → −0.147% if it goes back
Costs−$220.217% of $10k · taker + slippage, in and out
Result+$16+0.16%+ 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−0.137%
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
1 ok · 5 to watch- Watch: Large against open interest0.7 / 9.1 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: +$16.10Long Bullet: 24 payments, +$13.44; short Binance: 6 payments, +$2.66.
- Watch: Gap narrower than usual−0.137% vs +0.010%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1K vs $19.9M 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 · 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+0.0250%/8h × 21 periods+$52.60
Price spread−0.137% → +0.010% (7d avg)−$14.67
Slippage, 4 orderslive order books−$11.70
Fee Bullet bp × 2 orders$0.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k+$16.23
Costs to cover0.217%Break-even4.8 days
Slippage: Bullet: live order book, 15 min ago; Binance: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.710.7 bp−$18.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTBinance1.029.1 bp−$920.8 bp−$20899.5 bp−$9,948doesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |