Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1745 | −0.0064 | get 0.0008% / 1h | 57m 08s | $1.1M | $5.7M | 50x | Long Extended10% off | |
| SHORT | 0.1744 | −0.0240 | pay 0.0030% / 1h | 57m 08s | $4K | $329K | 20x | Short Bullet |
Price gap−0.046%
Funding gap−0.0176% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.193% 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−$25−0.0176% /8h now · paid −0.251% over the last 7D
Price−$19spread −0.046% now, avg +0.148% → −0.193% if it goes back
Costs−$240.241% of $10k · taker + slippage, in and out
Result−$69−0.69%+ Points / potential airdropExtended: points · Bullet: 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−0.046%
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
3 ok · 3 to watch- Watch: Large against open interest8.9 / 3.3 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$200 + $500Extended 50x, Bullet 20x. 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: −$5.28Long Extended: 24 payments, +$1.92; short Bullet: 24 payments, −$7.20.
- Watch: Gap narrower than usual−0.046% vs +0.148%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 $1.1M OIBullet sets your exit cost. Check its book before closing.
- OK: Points on a legExtended points · Bullet pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · Bullet NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0120%/8h × 21 periods−$25.10
Price spread−0.046% → +0.148% (7d avg)−$19.32
Slippage, 4 orderslive order books−$19.11
Fee Extended bp × 2 orders−$5.00
Fee Bullet bp × 2 orders$0.00
Net · 7 days · $10k−$68.53
Costs to cover0.241%Break-evennever at this rate
Slippage: Extended: live order book, 6 min ago; Bullet: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGExtended1.708.9 bp−$916.1 bp−$161doesn’t fitdoesn’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 |
| 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 ↗ |


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