Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8396 | +0.0100 | pay 0.0013% / 1h | 11m 29s | $176K | $178K | 10x | Long Pacifica10% back | |
| SHORT | 8.8405 | +0.0100 | get 0.0013% / 1h | 11m 29s | $10K | $116K | 20x | Short Bullet |
Price gap+0.011%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 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−$170.0000% /8h now · paid −0.172% over the last 7D
Price+$4spread +0.011% now, avg −0.025% → +0.035% if it goes back
Costs−$320.315% of $10k · taker + slippage, in and out
Result−$45−0.45%+ Points / potential airdropPacifica: 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+0.011%
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 interest8.3 / 6.8 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$1,000 + $500Pacifica 10x, 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: $0.00Long Pacifica: 24 payments, −$3.00; short Bullet: 24 payments, +$3.00.
- OK: Entry gap works for you+0.011% vs −0.025%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$10K vs $176K OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legPacifica pointsVolume here counts toward the points program.
- OK: No KYC on either legPacifica No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0090%/8h × 21 periods−$18.91
Price spread+0.011% → −0.025% (7d avg)+$3.53
Slippage, 4 orderslive order books−$15.54
Fee Pacifica bp × 2 orders−$8.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$46.93
Costs to cover0.315%Break-evennever at this rate
Slippage: Pacifica: live order book, 49 min ago; Bullet: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPacifica0.568.3 bp−$825.3 bp−$253doesn’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 |
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| 09-24 06:34 | Bullet | Listing | new market UNI-USD ($UNI) seen by our collector |
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