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 | 0.4849 | +0.0100 | get 0.0050% / 4h | 3h 52m | $186K | $229K | 50x | Short Variational Omni+15% pts |
Price gap−0.307%
Funding gap+0.0548% /8h
Funding pays +$16 a day on $10k, but the gap is 0.188% under its 7d average: −$19 if it goes back, about 27 hours of funding. At the last 7 days' pace that is about 2.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$47+0.0548% /8h now · paid +0.465% over the last 7D
Price−$19spread −0.307% now, avg −0.119% → −0.188% if it goes back
Costs−$350.351% of $10k · taker + slippage, in and out
Result−$7−0.07%+ Points / potential airdropBullet: points · Variational Omni: 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−0.307%
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
2 ok · 4 to watch- Watch: Thin at this size0.7 / 17.3 bpAt $10k entering Variational Omni costs 17.3 bp, fee and slippage, 24.2× Bullet’s.
- Note: Margin at max leverage$500 + $200Bullet 20x, Variational Omni 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 Variational Omni: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.307% vs −0.119%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 $186K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet points · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legBullet No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0222%/8h × 21 periods+$46.53
Price spread−0.307% → −0.119% (7d avg)−$18.80
Slippage, 4 orderslive order books−$35.07
Fee Bullet bp × 2 orders$0.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$7.34
Costs to cover0.351%Break-even8.1 days
Slippage: Bullet: live order book, 15 min ago; Variational Omni: RFQ quote, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.710.7 bp−$18.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.0717.3 bp−$1726.4 bp−$264doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |