Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni−0.038%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.038%, 7d avg −0.021%

Together, before fees−0.009%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2140	0.0100	pay 0.0013% / 1h	36m 19s	$19K	$650K	50x
Short	edgeX ENAUSDC	0.2139	0.0100	get 0.0050% / 4h	1h 36m	$257K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.021%: −$1.72
Slippage, 4 orders: −$44.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$64.99
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 7 min ago	7.01 bp	20.1 bp −$20	133.8 bp −$1,338	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	7.01 bp	11.5 bp −$12	13.0 bp −$130	43.7 bp −$4,373	doesn't fit

ENA on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ENA_USDC	−0.0123%	4h	0.2128	−0.561%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2129	−0.519%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2146	+0.271%	$68K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2128	−0.538%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.776%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2137	−0.126%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2129	−0.514%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2129	−0.515%	$563K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2131	−0.430%	$115.5M	$75.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	−0.445%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2135	−0.245%	$403K	$539K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2129	−0.519%	$128.7M	$428.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2128	−0.551%	$87.3M	$183.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2129	−0.505%	$21.2M	$108.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2141	+0.037%	$20K	$328K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	−0.514%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2138	−0.093%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2129	−0.523%	$12.4M	$26.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2129	−0.514%	$48.2M	$42.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	−0.467%	$24.6M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2129	−0.519%	$48.4M	$60.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2129	−0.523%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.048%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2139	−0.038%	$257K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2139	−0.027%	$365K	$5.1M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2140	long leg	$19K	$650K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	−0.491%	$187K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2094	−2.126%	$1K	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2145	+0.234%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	+0.327%	$269K	$819K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2144	+0.187%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2133	−0.323%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2128	−0.578%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2145	+0.244%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	+0.075%	$8K	$276K	10x	as long as short
dYdX ENA-USD	+0.0117%	1h	0.2130	−0.449%	$141K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2129	−0.516%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2145	+0.229%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	−0.551%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0439%	1h	0.2146	+0.289%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.435%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0687%	1h	0.2144	+0.168%	$396K	$433K	5x	as long as short