Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.051%

Price spread now: 01 Exchange against Binance−0.042%7-day average — · you buy dearer than you sell

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

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.042% cheaper against Binance than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2159	0.0100	pay 0.0050% / 4h	3h 15m	$134.6M	$442.6M	75x
Short	01 Exchange ENAUSD	0.2158	0.0176	get 0.0022% / 1h	15m 04s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.042%Rate

Funding earned: $15.96
Price spread: −0.042% → 0.000%: −$4.2
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$5.24
Costs to cover: 0.170%
Break-even: 9.3 days

Slippage unknown: Binance: live order book, 14 min ago; 01 Exchange: no order-book sample. 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 Binance live order book, 14 min ago	0.23 bp	7.3 bp −$7	15.2 bp −$152	58.5 bp −$5,853	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2160	+0.037%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2160	+0.015%	$104K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2158	−0.033%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.658%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0068%	1h	0.2159	−0.002%	$143K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2159	−0.010%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2159	−0.021%	$715K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2160	+0.029%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2160	+0.023%	$425K	$553K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2159	long leg	$134.6M	$442.6M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2159	+0.009%	$89.1M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2160	+0.032%	$21.2M	$110.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2156	−0.162%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2160	+0.037%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	−0.422%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2159	−0.010%	$11.0M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2160	+0.014%	$46.2M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2161	+0.069%	$24.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2158	−0.070%	$48.9M	$61.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2160	+0.018%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2161	+0.078%	$384K	$403K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2157	−0.092%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2155	−0.187%	$250K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2154	−0.262%	$356K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2154	−0.241%	$33K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2160	+0.014%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2108	−2.381%	$1K	$833K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2159	−0.010%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2161	+0.088%	$281K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2160	+0.037%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2159	−0.016%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2159	+0.001%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2153	−0.301%	$8K	$347K	10x	as long as short
01 Exchange ENAUSDshort	+0.0176%	1h	0.2158	−0.042%	$4K	$302	10x
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2161	+0.084%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2159	−0.025%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2160	+0.018%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2160	+0.037%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2159	−0.025%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2159	0.000%	$855K	$1.8M	50x	as long as short
Lighter ENA	+0.0712%	1h	0.2162	+0.134%	$5.7M	$12.7M	10x	as long as short
Hyperliquid ENA	+0.0769%	1h	0.2163	+0.190%	$117.6M	$74.7M	10x	as long as short