Funding arb · Price arb /

ENA

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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 +0.011%

Price spread now: HTX against Bitget+0.555%46s7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.788% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.555%, 7d avg +0.153%

Together, before fees+0.005%$0 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 0.402% dearer against Bitget than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.153%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENAUSDT	0.2089	0.0100	pay 0.0050% / 4h	50m 25s	$47.5M	$57.3M	75x
Short	HTX ENA-USDT	0.2101	0.0100	get 0.0050% / 4h	50m 25s	$272K	$797K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.555%Rate

Funding earned: $0
Price spread: +0.555% → +0.153%: $40.24
Slippage, 4 orders: −$54.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.61
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; HTX: live order book, 33 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 Bitget live order book, 4 min ago	0.95 bp	9.5 bp −$9	16.1 bp −$161	42.6 bp −$4,264	doesn't fit
Sell HTX live order book, 33 min ago	11.52 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
Backpack ENA_USDC_PERP	−0.0230%	1h	0.2097	+0.369%	$370K	$372K	5x	as long as short
01 Exchange ENAUSD	−0.0096%	1h	0.2091	+0.053%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0056%	4h	0.2092	+0.124%	$43K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	+0.330%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2092	+0.136%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.622%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0068%	1h	0.2092	+0.143%	$138K	$15K	5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2108	+0.895%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2094	+0.225%	$5.2M	$13.3M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	+0.072%	$55K	$501K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	+0.232%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2090	+0.028%	$656K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2093	+0.177%	$111.7M	$72.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2093	+0.163%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2094	+0.192%	$408K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2092	+0.115%	$127.8M	$415.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2093	+0.158%	$85.1M	$176.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2093	+0.168%	$20.6M	$101.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	+0.790%	$19K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	+0.120%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.838%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	+0.115%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2093	+0.153%	$45.2M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	+0.139%	$24.4M	$15.6M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2089	long leg	$47.5M	$57.3M	75x
BingX ENA-USDC	+0.0100%	4h	0.2092	+0.124%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.349%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2105	+0.727%	$242K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.714%	$353K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	+0.694%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	+0.105%	$181K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2048	−1.967%	$934	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.311%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2101	+0.555%	$272K	$797K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2095	+0.263%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2090	+0.043%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	+0.335%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2098	+0.395%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2092	+0.137%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2098	+0.392%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2091	+0.053%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2112	+1.067%	$860K	$1.5M	50x	as long as short