Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9110 | +0.0220 | pay 0.0220% / 8h | 26m 00s | $11.1M | $2.0M | 75x | Long BloFin | |
| SHORT | 8.9282 | +0.0081 | get 0.0010% / 1h | 26m 00s | $12K | $114K | 20x | Short Bullet |
Price gap+0.193%48s
Funding gap−0.0139% /8h
The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 4.9 days.
The two prices were read 48 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$34−0.0139% /8h now · paid −0.341% over the last 7D
Price—spread +0.193%48s now · prices read too far apart to compare
Costs−$360.362% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.193%
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
/8hUNI on 42 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest12.5 / 6.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$133 + $500BloFin 75x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.18Long BloFin: 3 payments, −$6.60; short Bullet: 24 payments, +$2.42.
- Watch: Prices read 48 s apart+0.193% vs −0.010%Part of this gap may be the market moving.
- Watch: Short leg is thinner$12K vs $11.1M OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBloFin Limited · Bullet NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0178%/8h × 21 periods−$37.33
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$16.20
Fee BloFin bp × 2 orders−$12.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$73.53
price spread not counted: prices read too far apartCosts to cover0.362%Break-evennever at this rate
Slippage: BloFin: live order book, 7 min ago; Bullet: live order book, 47 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin1.7012.5 bp−$1318.8 bp−$18837.7 bp−$3,765doesn’t fit
SELL · SHORTBullet2.046.8 bp−$712.6 bp−$126doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 13:34 | Kalshi | Listing | new market KXUNIPERP ($UNI) seen by our collector |
| 09-30 01:05 | Reya | Listing | UNIRUSDPERP no longer reported ($UNI) seen by our collector |
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| 09-24 06:34 | Bullet | Listing | new market UNI-USD ($UNI) seen by our collector |
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