Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9949 | +0.0100 | pay 0.0013% / 1h | 52m 02s | $17K | $112K | 20x | Long Bullet | |
| SHORT | 8.9840 | +0.0096 | get 0.0012% / 1h | 52m 02s | $3.3M | $2.6M | 15x | Short Lighter7d free |
Price gap−0.121%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.238% under its 7d average: the price leg works against you, −$24 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$23−0.0004% /8h now · paid +0.234% over the last 7D
Price−$24spread −0.121% now, avg +0.117% → −0.238% if it goes back
Costs−$270.272% of $10k · taker + slippage, in and out
Result−$28−0.28%+ Points / potential airdropLighter: Season 3 · 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−0.121%
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 / 10.5 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $666Bullet 20x, Lighter 15x. 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: −$0.12Long Bullet: 24 payments, −$3.00; short Lighter: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.121% vs +0.117%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 $3.3M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legBullet No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0123%/8h × 21 periods+$25.90
Price spread−0.121% → +0.117% (7d avg)−$23.81
Slippage, 4 orderslive order books−$19.23
Fee Bullet bp × 2 orders−$8.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$25.14
Costs to cover0.272%Break-even13.8 days
Slippage: Bullet: live order book, 26 min ago; Lighter: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.285.0 bp−$59.6 bp−$96doesn’t fitdoesn’t fit
SELL · SHORTLighter3.5610.5 bp−$1116.1 bp−$16142.3 bp−$4,231doesn’t fit
Closing costs about the same again.
| 09-30 13:34 | Kalshi | Listing | new market KXUNIPERP ($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 14:32 | Bullet | Listing | By popular demand, $UNI perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
| 09-24 08:00 | HTX | Listing | 🐂Bitcoin Is Pumping, UNI Is Soaring! I Smell a Bull Run! HTX Margin Autumn Craze is now live: 10 popular cryptos, including UNI & BTC, are counted 3x toward your trading volume. Win an iPhone Duo and more. Save up to 50% on your trading fees! Autumn rally won't wait, & neither will the rewards. Join now 👉 @HTX_Global on X ↗ |
| 09-24 06:34 | Bullet | Listing | new market UNI-USD ($UNI) seen by our collector |
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