Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4842 | +0.0104 | pay 0.0013% / 1h | 55m 58s | $45K | $131K | 25x | Long Extended10% off | |
| SHORT | 0.4868 | −0.0007 | pay 0.0001% / 1h | 55m 58s | $3K | $204K | 20x | Short Bullet |
Price gap+0.521%
Funding gap−0.0111% /8h
The gap pays +$37 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 11 days. At the last 7 days' pace that is about 4.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$58−0.0111% /8h now · paid −0.581% over the last 7D
Price+$37spread +0.521% now, avg +0.149% → +0.372% if it goes back
Costs−$190.190% of $10k · taker + slippage, in and out
Result−$40−0.40%+ Points / potential airdropExtended: points · Bullet: 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+0.521%
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
4 ok · 2 to watch- Watch: Large against open interest9.9 / 2.5 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$400 + $500Extended 25x, Bullet 20x. 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: −$3.33Long Extended: 24 payments, −$3.12; short Bullet: 24 payments, −$0.21.
- OK: Entry gap works for you+0.521% vs +0.149%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$3K vs $45K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legExtended points · Bullet pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Bullet 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−$58.13
Price spread+0.521% → +0.149% (7d avg)+$37.16
Slippage, 4 orderslive order books−$13.99
Fee Extended bp × 2 orders−$5.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$39.96
Costs to cover0.190%Break-evenfrom the start
Slippage: Extended: live order book, 1 min ago; Bullet: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended1.039.9 bp−$1028.1 bp−$281doesn’t fitdoesn’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 ↗ |