Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8172 | +0.0100 | pay 0.0013% / 1h | 9m 52s | $10K | $116K | 20x | Long Bullet | |
| SHORT | 8.8203 | +0.0095 | get 0.0012% / 1h | 9m 52s | $3.2M | $5.5M | 50x | Short Kraken Futures |
Price gap+0.035%
Funding gap−0.0005% /8h
Funding is ≈ 0 and the gap is 0.023% under its 7d average: the price leg works against you, −$2 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21−0.0005% /8h now · paid +0.214% over the last 7D
Price−$2spread +0.035% now, avg +0.058% → −0.023% if it goes back
Costs−$360.361% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.035%
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
1 ok · 4 to watch- Watch: Large against open interest6.5 / 11.3 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $200Bullet 20x, Kraken Futures 50x. 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: −$0.15Long Bullet: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$2.85.
- Watch: Gap narrower than usual+0.035% vs +0.058%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$10K vs $3.2M OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBullet No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0112%/8h × 21 periods+$23.51
Price spread+0.035% → +0.058% (7d avg)−$2.26
Slippage, 4 orderslive order books−$18.08
Fee Bullet bp × 2 orders−$8.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$14.83
Costs to cover0.361%Break-even11.4 days
Slippage: Bullet: live order book, 3 min ago; Kraken Futures: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet2.046.5 bp−$69.0 bp−$90doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures3.3911.3 bp−$1117.0 bp−$17026.8 bp−$2,683doesn’t fit
Closing costs about the same again.
| 09-30 13:34 | Kalshi | Listing | new market KXUNIPERP ($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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