Bullet
dexMaker 1 bps · Taker 4 bps
Markets
| Asset | Mark Price ↕ | Funding APR ↕ | Interval ↕ | Open Interest ↓ | 24h Volume ↕ |
|---|---|---|---|---|---|
 BTC | $63,083.6215 | +87.60% | 1h | $443K | $1.2M |
 ETH | $1,828.1149 | +45.79% | 1h | $268K | $504K |
 SOL | $74.4094 | +14.61% | 1h | $156K | $315K |
 ZEC | $530.48 | +87.60% | 1h | $60K | $56K |
 HYPE | $59.7669 | +87.60% | 1h | $31K | $247K |
 SNDK | $1,386.6 | +0.00% | 1h | $25K | $2.7M |
 XRP | $1.0782 | +87.60% | 1h | $24K | $9K |
| 🥇XAU | $3,972.6701 | +0.00% | 1h | $23K | $8K |
| 🥈XAG | $55.2165 | +0.00% | 1h | $22K | $382 |
 MU | $828.0763 | +42.81% | 1h | $21K | $1.2M |
| 🚀SPACEX | $125.51 | +0.00% | 1h | $20K | $819 |
| SKSKHYNIX | $1,155.7 | -1313.47% | 1h | $18K | $12K |
 TAO | $191.75 | -155.61% | 1h | $11K | $8K |
 TSLA | $383.0086 | +0.00% | 1h | $804 | $2K |
Click an asset to view market overview · Funding rates update every 60s
About Bullet funding & fees
Bullet is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 14 perpetual markets, $1.1M total open interest, $6.3M in 24h volume. Average funding across its markets is -72.53% annualized. ORBIT compares Bullet's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Bullet charges 4 bps taker and 1 bps maker fees on perpetuals. Via the ORBIT referral you also get: VIP2: -10% taker / -50% maker fees. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Bullet currently runs an active points program with no token live yet — every trade accrues points toward a future airdrop. That makes it a prime venue for the long leg of a delta-neutral funding trade: you farm points on the position you are holding anyway. Estimate what those points could be worth with the [Points Calculator](/tools/points-calculator).
To run funding arbitrage with Bullet, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include BTC (+87.60%), ETH (+45.79%), SOL (+14.61%).
Frequently asked questions
- What are Bullet trading fees?
- Bullet charges 4 bps taker and 1 bps maker on perpetual futures. ORBIT referral perk: VIP2: -10% taker / -50% maker fees. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Bullet a CEX or DEX?
- Bullet is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Bullet have an airdrop or points program?
- Yes — Bullet is actively distributing points with no token live yet. Trading volume accrues points that may convert to a future airdrop. Stack them on a funding-arbitrage long leg and value them with the ORBIT Points Calculator.
- How do I arbitrage funding rates on Bullet?
- Open the ORBIT Funding Screener, find an asset where Bullet's funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.
- How much open interest does Bullet have?
- Bullet currently has $1.1M in total open interest across 14 perpetual markets, with $6.3M traded in the last 24 hours.