Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

UNI

All UNI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BulletUNI-USD
8.9362+0.0100pay 0.0013% / 1h45m 16s$17K$112K20xLong Bullet
SHORT
DeribitUNI_USDC-PERPETUAL
8.934100.0000% / 1h45m 16s$558K$288K50xShort Deribit
Price gap−0.023%
Funding gap−0.0100% /8h

Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.075% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$3−0.0100% /8h now · paid +0.025% over the last 7D
Price−$7spread −0.023% now, avg +0.052% → −0.075% if it goes back
Costs−$370.366% of $10k · taker + slippage, in and out
Result−$42−0.42%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.023%
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

/8h

UNI on 42 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Large against open interest5.0 / 14.8 bp
    $10k is over 10% of Bullet’s open interest.
  • Note: Margin at max leverage$500 + $200
    Bullet 20x, Deribit 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$3.00Long Bullet: 24 payments, −$3.00; short Deribit: 24 payments, $0.00.
  • Watch: Gap narrower than usual−0.023% vs +0.052%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$17K vs $558K OI
    Bullet sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBullet No · Deribit Yes
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0013%/8h × 21 periods+$2.81
Price spread−0.023% → +0.052% (7d avg)−$7.50
Slippage, 4 orderslive order books−$21.63
Fee Bullet bp × 2 orders−$8.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$41.32
Costs to cover0.366%Break-even109.9 days
Slippage: Bullet: live order book, 33 min ago; Deribit: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBullet0.285.0 bp−$59.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTDeribit8.2514.8 bp−$1549.7 bp−$497doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

UNI news

posts that mention UNI, from every exchangeSearch all news →
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09-24 06:34BulletListingnew market UNI-USD ($UNI) seen by our collector