Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4436 | +0.0034 | pay 0.0004% / 1h | 51m 44s | $9K | $294K | 20x | Long Bullet | |
| SHORT | 6.4410 | +0.0096 | get 0.0012% / 1h | 51m 44s | $238K | $490K | 15x | Short Lighter RH+10% pts |
Price gap−0.041%
Funding gap+0.0062% /8h
Funding pays +$2 a day on $10k, but the gap is 0.041% under its 7d average: −$4 if it goes back, about 2.2 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.0062% /8h now · paid +0.077% over the last 7D
Price−$4spread −0.041% now, avg 0.000% → −0.041% if it goes back
Costs−$220.221% of $10k · taker + slippage, in and out
Result−$18−0.18%+ Points / potential airdropBullet: points · Lighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.041%
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 46 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest2.5 / 8.6 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $666Bullet 20x, Lighter RH 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: +$1.86Long Bullet: 24 payments, −$1.02; short Lighter RH: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.041% vs 0.000%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$9K vs $238K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet points · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legBullet No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0040%/8h × 21 periods+$8.45
Price spread−0.041% → 0.000% (7d avg)−$4.07
Slippage, 4 orderslive order books−$22.14
Fee Bullet bp × 2 orders$0.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$17.77
Costs to cover0.221%Break-even21.7 days
Slippage: Bullet: live order book, 9 min ago; Lighter RH: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet2.472.5 bp−$26.7 bp−$67doesn’t fitdoesn’t fit
SELL · SHORTLighter RH8.588.6 bp−$926.6 bp−$266doesn’t fitdoesn’t fit
Closing costs about the same again.
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