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 24s | $1K | $209K | 20x | Long Bullet | |
| SHORT | 0.4871 | +0.0027 | get 0.0014% / 4h | 3h 51m | $5.8M | $20.8M | 50x | Short OKX |
Price gap−0.002%
Funding gap+0.0481% /8h
Funding trade: +$14 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+$31+0.0481% /8h now · paid +0.308% over the last 7D
Price+$1spread −0.002% now, avg −0.010% → +0.008% if it goes back
Costs−$300.299% of $10k · taker + slippage, in and out
Result+$2+0.02%+ Points / potential airdropBullet: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.308% in total, about +0.0147%/8h on average.
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−0.002%
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 · 4 to watch- Watch: Large against open interest0.7 / 13.4 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $200Bullet 20x, OKX 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: +$14.43Long Bullet: 24 payments, +$13.61; short OKX: 6 payments, +$0.82.
- Note: Gap at its usual level−0.002% vs −0.010%The price leg adds little either way.
- Watch: Long leg is thinner$1K vs $5.8M 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 · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0147%/8h × 21 periods+$30.81
Price spread−0.002% → −0.010% (7d avg)+$0.82
Slippage, 4 orderslive order books−$19.89
Fee Bullet bp × 2 orders$0.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k+$1.73
Costs to cover0.299%Break-even6.6 days
Slippage: Bullet: live order book, 16 min ago; OKX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.710.7 bp−$18.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTOKX1.0313.4 bp−$1358.5 bp−$585doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |