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: Binance against BingX−0.005%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on BingX Short on Binance

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—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDC	0.2107	0.0100	pay 0.0050% / 4h	2h 08m	—	$6.5M	—
Short	Binance ENAUSDT	0.2106	0.0100	get 0.0050% / 4h	2h 08m	$129.9M	$439.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → 0.000%: −$0.47
Slippage, 4 orders: −$29.08
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.55
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Binance: live order book, 5 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 BingX live order book, 11 min ago	0.47 bp	11.9 bp −$12	20.8 bp −$208	63.9 bp −$6,391	504.0 bp −$252.0K
Sell Binance live order book, 5 min ago	0.24 bp	10.4 bp −$10	16.1 bp −$161	50.0 bp −$4,997	doesn't fit

ENA on 41 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	0.2106	−0.033%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2104	−0.106%	$86K	—	150x	as long as short
dYdX ENA-USD	+0.0012%	1h	0.2108	+0.085%	$139K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.802%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0035%	4h	0.2106	−0.019%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2104	−0.114%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2103	−0.166%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2103	−0.183%	$676K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2106	−0.017%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	+0.034%	$412K	$530K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDTshort	+0.0100%	4h	0.2106	−0.005%	$129.9M	$439.6M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2104	−0.100%	$86.1M	$182.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	−0.028%	$20.7M	$105.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.285%	$19K	$387K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2106	−0.024%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.928%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	+0.024%	$11.0M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	+0.038%	$44.6M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	+0.095%	$24.5M	$16.2M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	+0.009%	$47.9M	$60.1M	75x	as long as short
BingX ENA-USDClong	+0.0100%	4h	0.2107	long leg	—	$6.5M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2107	+0.028%	$379K	$377K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	+0.346%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	+0.502%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	+0.451%	$358K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.451%	$32K	$654K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2104	−0.100%	$182K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.312%	$1K	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	−0.024%	$3K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.199%	$275K	$822K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2105	−0.071%	$1.9M	$9.1M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2106	−0.031%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2104	−0.135%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2118	+0.527%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0192%	1h	0.2106	−0.004%	$1.6M	$4.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2104	−0.102%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2107	+0.026%	$2.6M	$4.4M	50x	as long as short
Lighter ENA	+0.0384%	1h	0.2109	+0.095%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2104	−0.126%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0482%	1h	0.2109	+0.100%	$113.4M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2108	+0.071%	$827K	$1.6M	50x	as long as short