Bullpen
dexMaker 1.5 bps · Taker 4.5 bps
Markets
| Asset | Mark Price ↕ | Funding APR ↕ | Interval ↕ | Open Interest ↓ | 24h Volume ↕ |
|---|---|---|---|---|---|
 BTC | $63,004 | +10.95% | 1h | $2.39B | $2.64B |
 HYPE | $71.211 | +10.95% | 1h | $1.59B | $377.7M |
 ETH | $1,770.5 | +10.95% | 1h | $1.39B | $650.1M |
 SOL | $80.975 | +10.95% | 1h | $454.9M | $265.7M |
 AAVE | $92.207 | +10.95% | 1h | $88.5M | $17.1M |
 NEAR | $2.0002 | +10.95% | 1h | $84.9M | $33.1M |
 XRP | $1.116 | +4.72% | 1h | $78.8M | $27.5M |
 PUMP | $0.0016 | +10.95% | 1h | $52.1M | $11.7M |
 WLD | $0.3835 | -1.40% | 1h | $38.7M | $13.9M |
 LINK | $7.8599 | +10.95% | 1h | $37.1M | $3.1M |
 DOGE | $0.0742 | +10.95% | 1h | $27.1M | $7.5M |
 FARTCOIN | $0.1607 | +10.95% | 1h | $26.5M | $18.2M |
 ADA | $0.1775 | +10.14% | 1h | $26.2M | $7.6M |
 ENA | $0.0754 | +10.95% | 1h | $24.8M | $6.6M |
 SUI | $0.7343 | +10.95% | 1h | $24.6M | $13.6M |
 BNB | $577.75 | +6.38% | 1h | $24.3M | $7.0M |
 AVAX | $6.7523 | +10.95% | 1h | $15.4M | $4.7M |
 LTC | $43.872 | +10.95% | 1h | $12.3M | $2.8M |
 TRUMP | $1.6495 | -21.62% | 1h | $10.9M | $1.7M |
 ARB | $0.078 | +10.95% | 1h | $4.3M | $1.9M |
 APT | $0.6331 | +10.95% | 1h | $3.6M | $829K |
 INJ | $4.6898 | -33.52% | 1h | $3.3M | $1.1M |
 OP | $0.103 | -8.58% | 1h | $3.1M | $434K |
 TIA | $0.3821 | +10.95% | 1h | $2.5M | $889K |
Click an asset to view market overview · Funding rates update every 60s
About Bullpen funding & fees
Bullpen is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 24 perpetual markets, $6.42B total open interest, $4.12B in 24h volume. Average funding across its markets is +5.93% annualized. ORBIT compares Bullpen's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Bullpen charges 4.5 bps taker and 1.5 bps maker fees on perpetuals. 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.
Bullpen 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 Bullpen, 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 (+10.95%), HYPE (+10.95%), ETH (+10.95%).
Frequently asked questions
- What are Bullpen trading fees?
- Bullpen charges 4.5 bps taker and 1.5 bps maker on perpetual futures. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Bullpen a CEX or DEX?
- Bullpen is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Bullpen have an airdrop or points program?
- Yes — Bullpen 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 Bullpen?