Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.763%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs+$23as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−1.001%−$100 · spread now +0.763%, 7d avg −0.050%

Together, before fees−1.017%+ Points / potential airdropPacifica: Active · farm board−$102 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.813% dearer against ApeX Omni than usual: you sell high and buy low, +$81 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2124	0.0100	pay 0.0013% / 1h	30m 51s	$32K	$667K	50x
Short	Pacifica ENA	0.2140	0.0100	get 0.0013% / 1h	30m 51s	$419K	$548K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.763%Rate

Funding earned: $0
Price spread: +0.763% → −0.050%: $81.28
Slippage, 4 orders: −$40.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $23.21
Costs to cover: 0.581%
Break-even: from the start

Slippage from ApeX Omni: live order book, 38 min ago; Pacifica: live order book, 38 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, 38 min ago	11.52 bp	20.7 bp −$21	140.9 bp −$1,409	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 min ago	1.38 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2141	+0.805%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2139	+0.727%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0018%	1h	0.2141	+0.788%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.028%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0041%	4h	0.2140	+0.772%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2142	+0.843%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2142	+0.847%	$56K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	+0.859%	$697K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2142	+0.840%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2140	+0.763%	$419K	$548K	10x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2142	+0.842%	$132.8M	$444.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2142	+0.843%	$87.8M	$186.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2142	+0.866%	$21.1M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	+0.184%	$19K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2141	+0.800%	$116K	$255K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−0.882%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2141	+0.819%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2142	+0.843%	$45.7M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2143	+0.876%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2140	+0.772%	$48.7M	$61.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2142	+0.857%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2143	+0.890%	$371K	$376K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2140	+0.740%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.412%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2127	+0.164%	$353K	$4.8M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2124	long leg	$32K	$667K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2142	+0.866%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2090	−1.596%	$866	$850K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2141	+0.800%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2143	+0.890%	$277K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	+0.800%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2140	+0.748%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2142	+0.832%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2138	+0.669%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2141	+0.808%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0249%	1h	0.2142	+0.838%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2140	+0.750%	$51K	—	100x	as long as short
Lighter ENA	+0.0384%	1h	0.2144	+0.937%	$5.6M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2140	+0.766%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0524%	1h	0.2144	+0.956%	$115.8M	$72.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−0.621%	$827K	$1.7M	50x	as long as short