Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8281 | +0.0104 | pay 0.0013% / 1h | 10m 57s | $251K | $466K | 25x | Long Extended10% off | |
| SHORT | 8.8405 | +0.0100 | get 0.0013% / 1h | 10m 57s | $10K | $116K | 20x | Short Bullet |
Price gap+0.141%
Funding gap−0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$10 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−$17−0.0004% /8h now · paid −0.169% over the last 7D
Price+$10spread +0.141% now, avg +0.038% → +0.103% if it goes back
Costs−$230.233% of $10k · taker + slippage, in and out
Result−$30−0.30%+ Points / potential airdropExtended: 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+0.141%
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
4 ok · 2 to watch- Watch: Large against open interest6.1 / 6.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$400 + $500Extended 25x, Bullet 20x. 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 Extended: 24 payments, −$3.12; short Bullet: 24 payments, +$3.00.
- OK: Entry gap works for you+0.141% vs +0.038%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$10K vs $251K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0089%/8h × 21 periods−$18.59
Price spread+0.141% → +0.038% (7d avg)+$10.28
Slippage, 4 orderslive order books−$10.28
Fee Extended bp × 2 orders−$5.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$31.59
Costs to cover0.233%Break-evennever at this rate
Slippage: Extended: live order book, 50 min ago; Bullet: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended1.286.1 bp−$610.1 bp−$101doesn’t fitdoesn’t fit
SELL · SHORTBullet2.046.8 bp−$712.6 bp−$126doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 13:34 | Kalshi | Listing | new market KXUNIPERP ($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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