Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9362 | +0.0100 | pay 0.0013% / 1h | 45m 23s | $17K | $112K | 20x | Long Bullet | |
| SHORT | 8.9453 | +0.0100 | get 0.0100% / 8h | 1h 45m | $677K | $2.4M | 10x | Short GRVT |
Price gap+0.101%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$8 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$170.0000% /8h now · paid +0.172% over the last 7D
Price+$8spread +0.101% now, avg +0.018% → +0.084% if it goes back
Costs−$250.249% of $10k · taker + slippage, in and out
Result+$1+0.01%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
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
/8hUNI on 42 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest5.0 / 5.9 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $1,000Bullet 20x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Bullet: 24 payments, −$3.00; short GRVT: 3 payments, +$3.00.
- OK: Entry gap works for you+0.101% vs +0.018%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$17K vs $677K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legBullet No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0090%/8h × 21 periods+$18.98
Price spread+0.101% → +0.018% (7d avg)+$8.36
Slippage, 4 orderslive order books−$7.95
Fee Bullet bp × 2 orders−$8.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k+$2.40
Costs to cover0.249%Break-even6.1 days
Slippage: Bullet: live order book, 32 min ago; GRVT: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.285.0 bp−$59.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTGRVT1.125.9 bp−$616.9 bp−$169doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 13:34 | Kalshi | Listing | new market KXUNIPERP ($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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