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 08s | $1K | $209K | 20x | Long Bullet | |
| SHORT | 0.4857 | +0.0104 | get 0.0013% / 1h | 52m 08s | $45K | $135K | 25x | Short Extended10% off |
Price gap−0.150%
Funding gap+0.0552% /8h
Funding trade: +$17 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$58+0.0552% /8h now · paid +0.582% over the last 7D
Price$0spread −0.150% now, avg −0.149% → −0.001% if it goes back
Costs−$150.154% of $10k · taker + slippage, in and out
Result+$43+0.43%+ Points / potential airdropBullet: points · Extended: 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−0.150%
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
3 ok · 2 to watch- Watch: Large against open interest0.7 / 4.0 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $400Bullet 20x, Extended 25x. 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: +$16.56Long Bullet: 24 payments, +$13.44; short Extended: 24 payments, +$3.12.
- Note: Gap at its usual level−0.150% vs −0.149%The price leg adds little either way.
- Watch: Long leg is thinner$1K vs $45K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet points · Extended pointsVolume here counts toward the points program.
- OK: No KYC on either legBullet No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0277%/8h × 21 periods+$58.24
Price spread−0.150% → −0.149% (7d avg)−$0.10
Slippage, 4 orderslive order books−$10.42
Fee Bullet bp × 2 orders$0.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k+$42.72
Costs to cover0.154%Break-even1.9 days
Slippage: Bullet: live order book, 16 min ago; Extended: live order book, 65 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.710.7 bp−$18.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTExtended1.034.0 bp−$416.9 bp−$169doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |