Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4835 | +0.0056 | pay 0.0007% / 1h | 55m 21s | $150K | $345K | 10x | Long Lighter7d free | |
| SHORT | 0.4840 | −0.0035 | pay 0.0004% / 1h | 55m 21s | $3K | $204K | 20x | Short Bullet |
Price gap+0.101%
Funding gap−0.0091% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 3.5 days. At the last 7 days' pace that is about 24 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$65−0.0091% /8h now · paid −0.652% over the last 7D
Price+$9spread +0.101% now, avg +0.007% → +0.094% if it goes back
Costs−$320.322% of $10k · taker + slippage, in and out
Result−$88−0.88%+ Points / potential airdropLighter: Season 3 · 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+0.101%
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: Thin at this size19.2 / 2.5 bpAt $10k entering Lighter costs 19.2 bp, fee and slippage, 7.6× Bullet’s.
- Note: Margin at max leverage$1,000 + $500Lighter 10x, 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: −$2.73Long Lighter: 24 payments, −$1.68; short Bullet: 24 payments, −$1.05.
- OK: Entry gap works for you+0.101% vs +0.007%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$3K vs $150K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · Bullet pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0310%/8h × 21 periods−$65.18
Price spread+0.101% → +0.007% (7d avg)+$9.44
Slippage, 4 orderslive order books−$32.20
Fee Lighter bp × 2 orders$0.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$87.94
Costs to cover0.322%Break-evennever at this rate
Slippage: Lighter: live order book, 34 min ago; Bullet: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter7.9219.2 bp−$1984.2 bp−$842316.0 bp−$31.6Kdoesn’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 ↗ |

