Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4871 | −0.0454 | get 0.0057% / 1h | 51m 42s | $1K | $209K | 20x | Long Bullet | |
| SHORT | 0.4867 | +0.0096 | get 0.0012% / 1h | 51m 42s | $147K | $342K | 10x | Short Lighter7d free |
Price gap−0.090%
Funding gap+0.0550% /8h
Funding pays +$16 a day on $10k, but the gap is 0.083% under its 7d average: −$8 if it goes back, about 12 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$65+0.0550% /8h now · paid +0.646% over the last 7D
Price−$8spread −0.090% now, avg −0.007% → −0.083% if it goes back
Costs−$280.284% of $10k · taker + slippage, in and out
Result+$28+0.28%+ Points / potential airdropBullet: points · Lighter: Season 3 · 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−0.090%
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 · 3 to watch- Watch: Large against open interest0.7 / 14.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $1,000Bullet 20x, Lighter 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: +$16.49Long Bullet: 24 payments, +$13.61; short Lighter: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.090% vs −0.007%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 $147K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet points · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legBullet No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0308%/8h × 21 periods+$64.61
Price spread−0.090% → −0.007% (7d avg)−$8.31
Slippage, 4 orderslive order books−$28.36
Fee Bullet bp × 2 orders$0.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$27.94
Costs to cover0.284%Break-even4.0 days
Slippage: Bullet: live order book, 16 min ago; Lighter: live order book, 32 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.710.7 bp−$18.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTLighter11.1214.8 bp−$1560.6 bp−$606304.5 bp−$30.4Kdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |

