Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2070 | −0.0191 | get 0.0024% / 1h | 51m 37s | $14K | $118K | 20x | Long Bullet | |
| SHORT | 0.2074 | +0.0038 | get 0.0005% / 1h | 51m 37s | $17K | $147K | 10x | Short Phoenix |
Price gap+0.200%
Funding gap+0.0230% /8h
Both sides work: funding pays +$7 a day on $10k, and the gap is 0.200% above zero (no 7-day history yet): +$20 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding—+0.0230% /8h now · no funding history yet
Price—spread +0.200% now · no price history on both exchanges yet
Costs−$370.368% of $10k · taker + slippage, in and out
Result—no pointsneeds funding history
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+0.200%
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 45 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size1.2 / 17.2 bpAt $10k entering Phoenix costs 17.2 bp, fee and slippage, 14.1× Bullet’s.
- Note: Margin at max leverage$500 + $1,000Bullet 20x, Phoenix 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: +$6.89Long Bullet: 24 payments, +$5.74; short Phoenix: 24 payments, +$1.15.
- Note: No 7-day spread history+0.200%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$14K vs $17K OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legBullet No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earnedno history yet: current rate+$48.23
Price spread+0.200% → 0+$20.05
Slippage, 4 orderslive order books−$29.85
Fee Bullet bp × 2 orders$0.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$31.43
Costs to cover0.368%Break-even2.4 days
Slippage: Bullet: live order book, 37 min ago; Phoenix: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet1.221.2 bp−$16.3 bp−$63doesn’t fitdoesn’t fit
SELL · SHORTPhoenix2.4417.2 bp−$1752.3 bp−$523doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 09:05 | Reya | Listing | new market ENARUSDPERP ($ENA) seen by our collector |
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| 10-13 15:13 | OKX | Other | Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗ |


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