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: HTX against BingX−0.272%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.387%+$39 · spread now −0.272%, 7d avg +0.110%

Together, before fees+0.388%+$39 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: HTX is 0.382% cheaper against BingX than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDT	0.2167	0.0100	pay 0.0050% / 4h	3h 10m	—	$32.6M	—
Short	HTX ENA-USDT	0.2161	0.0100	get 0.0050% / 4h	3h 10m	$280K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.272%Rate

Funding earned: $0
Price spread: −0.272% → +0.110%: −$38.19
Slippage, 4 orders: −$50.03
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$110.22
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; HTX: live order book, 3 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, 13 min ago	0.70 bp	5.7 bp −$6	7.7 bp −$77	13.7 bp −$1,365	38.7 bp −$19.3K
Sell HTX live order book, 3 min ago	16.62 bp	23.1 bp −$23	doesn't fit	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2158	−0.415%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2159	−0.395%	$104K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2157	−0.475%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.021%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2159	−0.378%	$53K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2158	−0.415%	$713K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2164	−0.129%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2168	+0.032%	$427K	$553K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2167	+0.014%	$135.3M	$441.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2168	+0.051%	$89.3M	$186.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2167	−0.028%	$21.3M	$110.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2159	−0.388%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2168	+0.037%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2150	−0.790%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2167	−0.009%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2168	+0.037%	$45.9M	$44.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2169	+0.078%	$24.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2166	−0.060%	$49.1M	$61.2M	75x	as long as short
BingX ENA-USDTlong	+0.0100%	4h	0.2167	long leg	—	$32.6M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2159	−0.383%	$383K	$388K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2158	−0.439%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2159	−0.391%	$250K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2161	−0.286%	$366K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2159	−0.378%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2159	−0.360%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2108	−2.718%	$1K	$833K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2158	−0.425%	$4K	$10K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2161	−0.272%	$280K	$1.1M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2157	−0.471%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2167	+0.004%	$49K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2158	−0.440%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2162	−0.245%	$8K	$347K	10x	as long as short
dYdX ENA-USD	+0.0169%	1h	0.2167	−0.018%	$143K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0176%	1h	0.2161	−0.305%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2159	−0.384%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2158	−0.422%	$81K	—	100x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2167	−0.027%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2158	−0.401%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2158	−0.435%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2160	−0.314%	$854K	$1.8M	50x	as long as short
Lighter ENA	+0.0752%	1h	0.2171	+0.180%	$6.0M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0795%	1h	0.2171	+0.171%	$118.2M	$74.8M	10x	as long as short