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: ApeX Omni against Binance+0.119%109s7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.486% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.119%, 7d avg +0.051%

Together, before fees−0.150%−$15 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: ApeX Omni is 0.068% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2095	0.0100	pay 0.0050% / 4h	1h 37m	$129.1M	$460.1M	75x
Short	ApeX Omni ENAUSDT	0.2098	0.0100	get 0.0013% / 1h	37m 45s	$32K	$711K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.051%: $6.82
Slippage, 4 orders: −$28.57
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.75
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; ApeX Omni: live order book, 46 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 Binance live order book, 6 min ago	0.24 bp	8.1 bp −$8	13.1 bp −$131	49.6 bp −$4,956	doesn't fit
Sell ApeX Omni live order book, 46 min ago	7.10 bp	16.7 bp −$17	144.5 bp −$1,445	doesn't fit	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	−0.0065%	4h	0.2098	+0.134%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0048%	1h	0.2097	+0.086%	$362K	$481K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2099	+0.186%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2100	+0.197%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.331%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2097	+0.059%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2098	+0.134%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	+0.072%	$59K	$537K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2095	−0.030%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	+0.084%	$659K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2098	+0.102%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2096	+0.017%	$405K	$581K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2095	long leg	$129.1M	$460.1M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2095	−0.038%	$87.1M	$191.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	+0.010%	$20.3M	$112.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2098	+0.100%	$21K	$422K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+0.072%	$82K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.112%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2095	−0.005%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	+0.019%	$44.9M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.062%	$23.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.072%	$47.5M	$65.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2096	+0.019%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2096	+0.034%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	+0.100%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2098	+0.100%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2098	+0.119%	$32K	$711K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	+0.224%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.334%	$1K	$815K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	+0.072%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.186%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	+0.024%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	+0.048%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2099	+0.167%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0227% / S −0.0380%	1h	0.2099	+0.184%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0288%	1h	0.2095	−0.027%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2101	+0.282%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.172%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0504%	1h	0.2098	+0.134%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0558%	1h	0.2099	+0.180%	$110.8M	$79.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2099	+0.153%	$802K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1920%	1h	0.2097	+0.057%	$139K	$15K	5x	as long as short