Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4837 | +0.0093 | pay 0.0047% / 4h | 55m 38s | $9.2M | $29.6M | 50x | Long Bybit | |
| SHORT | 0.4840 | −0.0035 | pay 0.0004% / 1h | 55m 38s | $3K | $204K | 20x | Short Bullet |
Price gap+0.070%
Funding gap−0.0128% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 42 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$47−0.0128% /8h now · paid −0.466% over the last 7D
Price+$7spread +0.070% now, avg +0.003% → +0.067% if it goes back
Costs−$290.294% of $10k · taker + slippage, in and out
Result−$69−0.69%+ 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+0.070%
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: Large against open interest10.4 / 2.5 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$200 + $500Bybit 50x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.84Long Bybit: 6 payments, −$2.79; short Bullet: 24 payments, −$1.05.
- OK: Entry gap works for you+0.070% vs +0.003%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$3K 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: KYCBybit Yes · Bullet NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0222%/8h × 21 periods−$46.64
Price spread+0.070% → +0.003% (7d avg)+$6.69
Slippage, 4 orderslive order books−$18.40
Fee Bybit bp × 2 orders−$11.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$69.35
Costs to cover0.294%Break-evennever at this rate
Slippage: Bybit: live order book, 2 min ago; Bullet: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit1.0310.4 bp−$1029.0 bp−$290118.5 bp−$11.8Kdoesn’t fit
SELL · SHORTBullet2.542.5 bp−$36.8 bp−$68doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-20 08:16 | Bullet | Listing | new market TIA-USD ($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 ↗ |