Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1745 | −0.0084 | get 0.0042% / 4h | 58m 12s | $32.0M | $76.8M | 75x | Long Bitget | |
| SHORT | 0.1751 | −0.0143 | pay 0.0018% / 1h | 58m 12s | $4K | $329K | 20x | Short Bullet |
Price gap+0.315%
Funding gap−0.0059% /8h
The gap pays +$27 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 15 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$18−0.0059% /8h now · paid −0.184% over the last 7D
Price+$27spread +0.315% now, avg +0.042% → +0.272% if it goes back
Costs−$300.305% of $10k · taker + slippage, in and out
Result−$22−0.22%+ 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+0.315%
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
2 ok · 4 to watch- Watch: Large against open interest11.6 / 3.3 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$133 + $500Bitget 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: −$1.76Long Bitget: 6 payments, +$2.52; short Bullet: 24 payments, −$4.28.
- OK: Entry gap works for you+0.315% vs +0.042%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$4K vs $32.0M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legBullet pointsVolume here counts toward the points program.
- Watch: KYCBitget Yes · Bullet NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0088%/8h × 21 periods−$18.40
Price spread+0.315% → +0.042% (7d avg)+$27.23
Slippage, 4 orderslive order books−$18.48
Fee Bitget bp × 2 orders−$12.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$21.66
Costs to cover0.305%Break-evennever at this rate
Slippage: Bitget: live order book, 10 min ago; Bullet: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget1.4111.6 bp−$1218.0 bp−$18057.6 bp−$5,763591.1 bp−$295.6K
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 |
| 10-21 12:23 | OKX | Other | ZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗ |
| 10-20 09:08 | Bullet | Listing | By popular demand, $ENA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
| 10-20 08:16 | Bullet | Listing | new market ENA-USD ($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 ↗ |


OKX
Pacifica