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 −0.008%

Price spread now: Bitget against Bybit−0.019%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.019%, 7d avg −0.026%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2113	0.0100	pay 0.0050% / 4h	2h 55m	$86.6M	$186.5M	50x
Short	Bitget ENAUSDT	0.2113	0.0100	get 0.0050% / 4h	2h 55m	$47.9M	$61.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.026%: $0.75
Slippage, 4 orders: −$20.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: 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 Bybit live order book, 3 min ago	0.24 bp	8.2 bp −$8	18.1 bp −$181	67.2 bp −$6,725	doesn't fit
Sell Bitget live order book, 3 min ago	0.47 bp	15.4 bp −$15	21.7 bp −$217	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	−0.0009%	1h	0.2112	−0.038%	$365K	$383K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2114	+0.038%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2114	+0.024%	$90K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2112	−0.066%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.487%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2113	−0.005%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0089%	1h	0.2116	+0.133%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	+0.043%	$52K	$526K	50x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	+0.073%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	+0.107%	$416K	$548K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2113	+0.017%	$131.4M	$443.5M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2113	long leg	$86.6M	$186.5M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2114	+0.062%	$21.0M	$108.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2129	+0.743%	$17K	$409K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	+0.090%	$115K	$253K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.674%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	+0.014%	$10.7M	$20.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	+0.095%	$44.6M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2115	+0.095%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDTshort	+0.0100%	4h	0.2113	−0.019%	$47.9M	$61.2M	75x
BingX ENA-USDT	+0.0100%	4h	0.2113	+0.005%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	−0.027%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2124	+0.535%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2122	+0.421%	$359K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2121	+0.374%	$33K	$689K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+0.099%	$176K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2060	−2.499%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2113	−0.005%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.246%	$274K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	−0.052%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	+0.054%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2113	+0.018%	$74K	$4K	3x	as long as short
Nado ENA-PERP	+0.0107%	1h	0.2114	+0.064%	$697K	$1.8M	10x	as long as short
Phoenix ENA	+0.0150%	1h	0.2128	+0.686%	$7K	$351K	10x	as long as short
Lighter ENA	+0.0232%	1h	0.2117	+0.161%	$5.5M	$13.5M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2114	+0.024%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2114	+0.029%	$2.6M	$5.0M	50x	as long as short
Extended ENA-USD	+0.0336%	1h	0.2113	+0.015%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2119	+0.279%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	+0.069%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0456%	1h	0.2117	+0.208%	$114.0M	$74.8M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2128	+0.710%	$836K	$1.7M	50x	as long as short