Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 371.82 | +0.0580 | pay 0.0072% / 1h | 27m 32s | $41K | $59K | 10x | Long Bullet | |
| SHORT | 371.35 | +0.0257 | get 0.0032% / 1h | 27m 32s | $744K | $22K | 20x | Short Kraken Futures |
Price gap−0.127%
Funding gap−0.0323% /8h
Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.127% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$87−0.0323% /8h now · paid −0.869% over the last 7D
Price—spread −0.127% now · no price history on both exchanges yet
Costs−$310.311% of $10k · taker + slippage, in and out
Result—no pointsneeds both price histories
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−0.127%
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
/8hTSLA on 46 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Large against open interest2.7 / 14.2 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$1,000 + $500Bullet 10x, Kraken Futures 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: −$9.68Long Bullet: 24 payments, −$17.40; short Kraken Futures: 24 payments, +$7.71.
- Note: No 7-day spread history−0.127%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$41K vs $744K OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBullet No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0414%/8h × 21 periods−$86.85
Price spread−0.127% → 0−$12.70
Slippage, 4 orderslive order books−$21.15
Fee Bullet bp × 2 orders$0.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$130.70
Costs to cover0.311%Break-evennever at this rate
Slippage: Bullet: live order book, 12 min ago; Kraken Futures: live order book, 45 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet0.812.7 bp−$316.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures4.0414.2 bp−$1425.3 bp−$253doesn’t fitdoesn’t fit
Closing costs about the same again.
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