Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Bitget against BingX+0.042%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.042%, 7d avg −0.040%

Together, before fees−0.078%−$8 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: Bitget is 0.082% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDC	0.2119	0.0100	pay 0.0050% / 4h	1h 00m	—	$6.5M	—
Short	Bitget ENAUSDT	0.2120	0.0100	get 0.0050% / 4h	1h 00m	$48.1M	$64.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.040%: $8.24
Slippage, 4 orders: −$27.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.1
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bitget: live order book, 4 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, 15 min ago	0.71 bp	15.5 bp −$15	30.0 bp −$300	72.2 bp −$7,222	492.9 bp −$246.5K
Sell Bitget live order book, 4 min ago	0.71 bp	10.9 bp −$11	17.5 bp −$175	38.2 bp −$3,821	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	−0.0036%	4h	0.2118	−0.066%	$41K	$24K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2117	−0.116%	$102K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0005%	1h	0.2125	+0.245%	$375K	$447K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.189%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0065%	1h	0.2123	+0.154%	$2.7M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	+0.028%	$63K	$530K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2122	+0.144%	$666K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+0.033%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2120	+0.009%	$410K	$575K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2120	+0.047%	$131.1M	$455.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2122	+0.142%	$89.1M	$191.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	+0.156%	$20.5M	$112.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	−0.094%	$15K	$400K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2121	+0.075%	$83K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.104%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	−0.024%	$10.8M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+0.080%	$46.7M	$47.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2122	+0.127%	$24.2M	$16.4M	75x	as long as short
Bitget ENAUSDTshort	+0.0100%	4h	0.2120	+0.042%	$48.1M	$64.8M	75x
BingX ENA-USDClong	+0.0100%	4h	0.2119	long leg	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2109	−0.473%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2112	−0.356%	$251K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	−0.585%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	−0.396%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	+0.123%	$178K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.642%	$1K	$819K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2122	+0.123%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.429%	$275K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	−0.019%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2119	−0.001%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	0.000%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2109	−0.467%	$5K	$356K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0127%	1h	0.2120	+0.052%	$92K	$1.8M	50x	as long as short
01 Exchange ENAUSD	+0.0152%	1h	0.2121	+0.080%	$4K	$312	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2117	−0.127%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	−0.118%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2120	+0.009%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	+0.047%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0568%	1h	0.2123	+0.156%	$5.7M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2121	+0.071%	$837K	$2.2M	50x	as long as short
Hyperliquid ENA	+0.0587%	1h	0.2125	+0.264%	$112.4M	$78.6M	10x	as long as short
dYdX ENA-USD	+0.1985%	1h	0.2120	+0.030%	$140K	$15K	5x	as long as short