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: GRVT against Binance−0.012%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.012%, 7d avg +0.015%

Together, before fees+0.008%+ Points / potential airdropGRVT: Active · farm board+$1 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: GRVT is 0.027% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2141	0.0100	pay 0.0050% / 4h	1h 43m	$129.1M	$428.7M	75x
Short	GRVT ENA_USDT_Perp	0.2141	0.0100	get 0.0050% / 4h	1h 43m	$358K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.015%: −$2.68
Slippage, 4 orders: −$23.55
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.22
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; GRVT: live order book, 6 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	7.8 bp −$8	13.6 bp −$136	57.7 bp −$5,770	doesn't fit
Sell GRVT live order book, 6 min ago	2.33 bp	10.5 bp −$10	78.9 bp −$789	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	−0.0132%	4h	0.2143	+0.067%	$45K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2144	+0.113%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2143	+0.090%	$67K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2144	+0.098%	$83K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.844%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0092%	1h	0.2143	+0.065%	$142K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2145	+0.151%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2143	+0.071%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	+0.020%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2144	+0.099%	$115.5M	$76.6M	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	0.2142	+0.042%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2144	+0.129%	$405K	$540K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2141	long leg	$129.1M	$428.7M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2141	−0.017%	$85.7M	$181.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2141	−0.031%	$21.4M	$109.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2143	+0.067%	$20K	$322K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2144	+0.118%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2148	+0.317%	$94K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2142	+0.043%	$12.4M	$26.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2142	+0.043%	$48.4M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2144	+0.099%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2140	−0.050%	$48.7M	$60.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2142	+0.039%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−0.117%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2143	+0.067%	$256K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perpshort	+0.0100%	4h	0.2141	−0.012%	$358K	$5.1M	10x
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	+0.211%	$19K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2143	+0.081%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2094	−2.198%	$937	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2142	+0.025%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	+0.254%	$269K	$824K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2143	+0.071%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2144	+0.099%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2143	+0.066%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2144	+0.102%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	+0.034%	$8K	$276K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2144	+0.115%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2143	+0.067%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2143	+0.050%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0440%	1h	0.2144	+0.139%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.366%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0642%	1h	0.2143	+0.071%	$395K	$434K	5x	as long as short