Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1754 | −0.0127 | get 0.0064% / 4h | 57m 15s | $89.0M | $571.7M | 75x | Long Binance | |
| SHORT | 0.1744 | −0.0240 | pay 0.0030% / 1h | 57m 15s | $4K | $329K | 20x | Short Bullet |
Price gap−0.566%
Funding gap−0.0113% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.557% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0113% /8h now · paid −0.216% over the last 7D
Price−$56spread −0.566% now, avg −0.010% → −0.557% if it goes back
Costs−$220.217% of $10k · taker + slippage, in and out
Result−$99−0.99%+ Points / potential airdropBullet: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.566%
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
/8hENA on 44 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest8.1 / 3.3 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$133 + $500Binance 75x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.38Long Binance: 6 payments, +$3.82; short Bullet: 24 payments, −$7.20.
- Watch: Gap narrower than usual−0.566% vs −0.010%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$4K vs $89.0M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet pointsVolume here counts toward the points program.
- Watch: KYCBinance Yes · Bullet NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0103%/8h × 21 periods−$21.63
Price spread−0.566% → −0.010% (7d avg)−$55.66
Slippage, 4 orderslive order books−$11.73
Fee Binance bp × 2 orders−$10.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$99.01
Costs to cover0.217%Break-evennever at this rate
Slippage: Binance: live order book, 10 min ago; Bullet: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance1.148.1 bp−$818.7 bp−$18765.2 bp−$6,523doesn’t fit
SELL · SHORTBullet1.643.3 bp−$37.3 bp−$73doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-29 18:30 | OKX | Other | A fresh X Drops Club just landed in Europe: @CetusProtocol Trade CETUS, HYPE, ENA, LIT, GRASS, GRVT, FET, HUMA or LINK for a share of 4.5M $CETUS, with CETUS trades counting 5×. This one moves fast. Get in before Nov 1. @okx on X ↗ |
| 10-23 09:05 | Reya | Listing | new market ENARUSDPERP ($ENA) seen by our collector |
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| 10-20 08:16 | Bullet | Listing | new market ENA-USD ($ENA) seen by our collector |
| 10-16 07:56 | Pacifica | Listing | $ENA Print is now live on Pacifica. Place Print $ENA orders with up to 10x leverage! Start printing: @pacifica_fi on X ↗ |


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