Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 371.83 | +0.0581 | pay 0.0073% / 1h | 28m 22s | $41K | $59K | 10x | Long Bullet | |
| SHORT | 371.82 | +0.0048 | get 0.0006% / 1h | 28m 22s | $449K | $139K | 20x | Short Popdex |
Price gap−0.002%
Funding gap−0.0533% /8h
Funding costs $16 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$105−0.0533% /8h now · paid −1.047% over the last 7D
Price—spread −0.002% now · no price history on both exchanges yet
Costs−$130.134% 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−0.002%
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
2 ok · 2 to watch- Watch: Large against open interest2.7 / 4.4 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$1,000 + $500Bullet 10x, Popdex 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: −$15.99Long Bullet: 24 payments, −$17.43; short Popdex: 24 payments, +$1.44.
- Note: No 7-day spread history−0.002%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$41K vs $449K OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legBullet No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0499%/8h × 21 periods−$104.70
Price spread−0.002% → 0−$0.24
Slippage, 4 orderslive order books−$7.04
Fee Bullet bp × 2 orders$0.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$118.38
Costs to cover0.134%Break-evennever at this rate
Slippage: Bullet: live order book, 11 min ago; Popdex: 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 · SHORTPopdex0.404.4 bp−$47.1 bp−$71doesn’t fitdoesn’t fit
Closing costs about the same again.
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