Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni−0.044%7-day average −0.049% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.044%, 7d avg −0.049%

Together, before fees−0.022%+ Points / potential airdropVariational Omni: Active · farm board−$2 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	0.2092	0.0100	pay 0.0013% / 1h	12m 44s	$32K	$710K	50x
Short	Variational Omni ENA	0.2091	0.0100	get 0.0050% / 4h	1h 12m	$3.8M	$10.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.049%: $0.51
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 6 min ago	9.55 bp	20.1 bp −$20	134.2 bp −$1,342	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.77 bp	doesn't fit	19.1 bp −$191	52.5 bp −$5,248	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	−0.0045%	4h	0.2096	+0.191%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0031%	1h	0.2099	+0.311%	$370K	$448K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.215%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+0.190%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.501%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2097	+0.254%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	+0.143%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	+0.195%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	+0.195%	$660K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2098	+0.271%	$1.5M	$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	0.2095	+0.167%	$405K	$576K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2099	+0.335%	$129.5M	$454.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	+0.282%	$87.2M	$190.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.320%	$20.2M	$111.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	+0.158%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	+0.191%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	+0.128%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2097	+0.258%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	+0.282%	$46.6M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+0.311%	$23.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2098	+0.272%	$47.4M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2098	+0.272%	—	$32.7M	—	as long as short
Variational Omni ENAshort	+0.0100%	4h	0.2091	−0.044%	$3.8M	$10.3M	—
edgeX ENAUSDC	+0.0100%	4h	0.2093	+0.031%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	+0.026%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2092	long leg	$32K	$710K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	+0.163%	$176K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2046	−2.204%	$1K	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.191%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2106	+0.655%	$273K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	+0.143%	$1.9M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	+0.220%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2097	+0.258%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2096	+0.186%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0243% / S −0.0418%	1h	0.2096	+0.181%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2097	+0.231%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	+0.163%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	+0.123%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2101	+0.445%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2100	+0.387%	$827K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0587%	1h	0.2101	+0.433%	$110.9M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1978%	1h	0.2097	+0.226%	$139K	$15K	5x	as long as short