Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8221 | +0.0100 | pay 0.0013% / 1h | 9m 10s | $10K | $116K | 20x | Long Bullet | |
| SHORT | 8.8180 | +0.0100 | get 0.0012% / 1h | 9m 10s | $713K | $1.2M | 10x | Short Nado20% off |
Price gap−0.047%
Funding gap0.0000% /8h
Funding is ≈ 0 and the gap is 0.053% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$140.0000% /8h now · paid +0.143% over the last 7D
Price−$5spread −0.047% now, avg +0.006% → −0.053% if it goes back
Costs−$280.279% of $10k · taker + slippage, in and out
Result−$19−0.19%+ Points / potential airdropNado: 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−0.047%
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 interest6.5 / 6.4 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $1,000Bullet 20x, Nado 10x. 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: $0.00Long Bullet: 24 payments, −$3.00; short Nado: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.047% vs +0.006%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 $713K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legNado pointsVolume here counts toward the points program.
- OK: No KYC on either legBullet No · Nado NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0075%/8h × 21 periods+$15.69
Price spread−0.047% → +0.006% (7d avg)−$5.27
Slippage, 4 orderslive order books−$12.89
Fee Bullet bp × 2 orders−$8.00
Fee Nado bp × 2 orders−$7.00
Net · 7 days · $10k−$17.48
Costs to cover0.279%Break-even14.8 days
Slippage: Bullet: live order book, 4 min ago; Nado: 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 · SHORTNado0.116.4 bp−$620.4 bp−$204doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 13:34 | Kalshi | Listing | new market KXUNIPERP ($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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