Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Binance−0.468%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.409%+$41 · spread now −0.468%, 7d avg −0.021%

Together, before fees+0.431%+ Points / potential airdropedgeX: Active · farm board+$43 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: edgeX is 0.447% cheaper against Binance than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2122	0.0100	pay 0.0050% / 4h	46m 54s	$128.8M	$425.6M	75x
Short	edgeX ENAUSDC	0.2112	0.0100	get 0.0050% / 4h	46m 54s	$257K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.468%Rate

Funding earned: $0
Price spread: −0.468% → −0.021%: −$44.69
Slippage, 4 orders: −$19.71
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$83.41
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; edgeX: live order book, 2 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, 12 min ago	0.24 bp	7.8 bp −$8	14.8 bp −$148	51.2 bp −$5,119	doesn't fit
Sell edgeX live order book, 2 min ago	7.06 bp	11.6 bp −$12	13.1 bp −$131	44.2 bp −$4,417	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	−0.0099%	4h	0.2122	−0.014%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2124	+0.090%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2123	+0.057%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2123	+0.052%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.071%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2123	+0.052%	$56K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	+0.046%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2122	+0.016%	$562K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2123	+0.047%	$115.0M	$75.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2123	+0.044%	$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	0.2124	+0.090%	$407K	$560K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2122	long leg	$128.8M	$425.6M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2120	−0.066%	$90.9M	$186.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	+0.038%	$21.2M	$107.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2110	−0.580%	$33K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2123	+0.052%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.425%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2121	−0.024%	$12.7M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	−0.024%	$38.6M	$42.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2122	+0.019%	$24.9M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2122	−0.019%	$48.1M	$59.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2122	−0.019%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2124	+0.080%	$407K	$471K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2109	−0.597%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2112	−0.468%	$257K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.419%	$364K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	−0.137%	$19K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2123	+0.066%	$183K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2072	−2.375%	$1K	$903K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2122	+0.005%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2127	+0.236%	$267K	$817K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2122	+0.005%	$1.8M	$8.8M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2124	+0.090%	$5.0M	$13.6M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2120	−0.084%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2122	+0.024%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0148%	1h	0.2123	+0.054%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2112	−0.448%	$8K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2123	+0.036%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2122	+0.028%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2122	−0.001%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2128	+0.278%	$878K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.0896%	1h	0.2123	+0.042%	$140K	$16K	5x	as long as short