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 0.000%

Price spread now: edgeX against BingX+0.310%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.336%−$34 · spread now +0.310%, 7d avg +0.001%

Together, before fees−0.335%+ Points / potential airdropedgeX: Active · farm board−$34 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 0.309% dearer against BingX than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDC	0.2095	0.0100	pay 0.0050% / 4h	2h 48m	—	$6.5M	—
Short	edgeX ENAUSDC	0.2102	0.0100	get 0.0050% / 4h	2h 48m	$252K	$8.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.310%Rate

Funding earned: $0
Price spread: +0.310% → +0.001%: $30.89
Slippage, 4 orders: −$28.69
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$16.8
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; edgeX: 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, 2 min ago	0.48 bp	12.1 bp −$12	25.4 bp −$254	69.8 bp −$6,979	482.2 bp −$241.1K
Sell edgeX live order book, 5 min ago	7.14 bp	11.6 bp −$12	13.2 bp −$132	44.6 bp −$4,455	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
Backpack ENA_USDC_PERP	−0.0425%	1h	0.2097	+0.110%	$361K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2096	+0.038%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0072%	1h	0.2097	+0.076%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0020%	4h	0.2095	+0.010%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.105%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2097	+0.083%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.346%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2103	+0.368%	$5K	$394K	10x	as long as short
ApeX Omni ENAUSDT	+0.0086%	1h	0.2097	+0.086%	$32K	$711K	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2098	+0.115%	$5.7M	$13.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2096	+0.038%	$59K	$545K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	+0.062%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2096	+0.053%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.091%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	+0.009%	$402K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.023%	$129.3M	$472.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2094	−0.048%	$87.7M	$194.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2095	+0.010%	$20.1M	$115.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2103	+0.387%	$19K	$446K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+0.086%	$83K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.229%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2096	+0.024%	$45.1M	$48.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.100%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.076%	$47.4M	$67.0M	75x	as long as short
BingX ENA-USDClong	+0.0100%	4h	0.2095	long leg	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2095	−0.021%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2102	+0.310%	$252K	$8.0M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	+0.066%	$356K	$4.6M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	+0.134%	$183K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.234%	$994	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	+0.086%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2100	+0.253%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	+0.038%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2099	+0.198%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2095	+0.011%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	+0.086%	$77K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2097	+0.091%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0212%	1h	0.2098	+0.134%	$111.5M	$80.8M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	+0.067%	$5.6M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	+0.046%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.267%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.7979%	1h	0.2097	+0.089%	$139K	$12K	5x	as long as short