Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 370.85 | +0.0353 | pay 0.0044% / 1h | 23m 22s | $743K | $23K | 20x | Long Kraken Futures | |
| SHORT | 371.39 | +0.0545 | get 0.0068% / 1h | 23m 22s | $41K | $51K | 10x | Short Bullet |
Price gap+0.145%
Funding gap+0.0192% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.145% above zero (no 7-day history yet): +$15 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$87+0.0192% /8h now · paid +0.871% over the last 7D
Price—spread +0.145% now · no price history on both exchanges yet
Costs−$330.335% 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+0.145%
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 interest13.1 / 3.1 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, Bullet 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: +$5.77Long Kraken Futures: 24 payments, −$10.59; short Bullet: 24 payments, +$16.36.
- Note: No 7-day spread history+0.145%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$41K vs $743K OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · Bullet NoFull 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+0.0415%/8h × 21 periods+$87.15
Price spread+0.145% → 0+$14.55
Slippage, 4 orderslive order books−$23.46
Fee Kraken Futures bp × 2 orders−$10.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k+$68.23
Costs to cover0.335%Break-even1.5 days
Slippage: Kraken Futures: live order book, 54 min ago; Bullet: live order book, 29 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures4.3113.1 bp−$1327.0 bp−$270doesn’t fitdoesn’t fit
SELL · SHORTBullet2.023.1 bp−$318.7 bp−$187doesn’t fitdoesn’t fit
Closing costs about the same again.
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