Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.025%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.025%, 7d avg −0.021%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2118	0.0100	pay 0.0050% / 4h	1h 42m	$130.3M	$424.6M	75x
Short	BingX ENA-USDT	0.2117	0.0100	get 0.0050% / 4h	1h 42m	—	$32.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.021%: −$0.4
Slippage, 4 orders: −$9.43
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.83
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; BingX: live order book, 11 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, 16 min ago	0.23 bp	7.7 bp −$8	11.8 bp −$118	51.0 bp −$5,103	doesn't fit
Sell BingX live order book, 11 min ago	0.71 bp	6.6 bp −$7	9.7 bp −$97	15.9 bp −$1,591	41.5 bp −$20.8K

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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	−0.106%	$82K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0011%	4h	0.2117	−0.058%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2112	−0.247%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.268%	$522	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0081%	1h	0.2118	+0.032%	$79K	$1.3M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	−0.270%	$54K	$499K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2112	−0.247%	$682K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2119	+0.060%	$113.9M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2117	−0.024%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.186%	$413K	$516K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDTlong	+0.0100%	4h	0.2118	long leg	$130.3M	$424.6M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2118	+0.004%	$86.9M	$176.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2119	+0.046%	$20.8M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.520%	$19K	$375K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	−0.270%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.223%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	−0.029%	$11.1M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2118	+0.018%	$45.6M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	+0.018%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.029%	$48.3M	$58.1M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2117	−0.025%	—	$32.2M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2118	+0.032%	$375K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2110	−0.366%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	−0.298%	$243K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2109	−0.428%	$350K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.129%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	−0.176%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.598%	$1K	$842K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.013%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	−0.029%	$277K	$784K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.013%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.267%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.045%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0120%	1h	0.2113	−0.230%	$140K	$15K	5x	as long as short
Extended ENA-USD	+0.0128%	1h	0.2117	−0.018%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0150%	1h	0.2109	−0.393%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2115	−0.112%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0284%	1h	0.2120	+0.092%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2111	−0.327%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0376%	1h	0.2120	+0.131%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.202%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2117	−0.020%	$833K	$1.5M	50x	as long as short