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 33s | $1K | $209K | 20x | Long Bullet | |
| SHORT | 0.4856 | +0.0100 | get 0.0050% / 4h | 3h 52m | $9.2M | $29.9M | 50x | Short Bybit |
Price gap−0.162%
Funding gap+0.0548% /8h
Funding pays +$16 a day on $10k, but the gap is 0.159% under its 7d average: −$16 if it goes back, about 23 hours of funding. At the last 7 days' pace that is about 2.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$46+0.0548% /8h now · paid +0.462% over the last 7D
Price−$16spread −0.162% now, avg −0.004% → −0.159% if it goes back
Costs−$290.293% of $10k · taker + slippage, in and out
Result+$1+0.01%+ 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−0.162%
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 / 12.6 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $200Bullet 20x, Bybit 50x. 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: +$16.44Long Bullet: 24 payments, +$13.44; short Bybit: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.162% vs −0.004%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 $9.2M 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0220%/8h × 21 periods+$46.22
Price spread−0.162% → −0.004% (7d avg)−$15.89
Slippage, 4 orderslive order books−$18.27
Fee Bullet bp × 2 orders$0.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k+$1.06
Costs to cover0.293%Break-even6.8 days
Slippage: Bullet: live order book, 15 min ago; Bybit: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.710.7 bp−$18.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTBybit1.0212.6 bp−$1328.1 bp−$281121.3 bp−$12.1Kdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |