Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX+0.451%72s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.451% dearer against edgeX than usual: you sell high and buy low, +$45 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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	edgeX ENAUSDC	0.2105	0.0100	pay 0.0050% / 4h	2h 05m	$246K	$7.5M	20x
Short	Aevo ENA-PERP	0.2115	0.0104	get 0.0013% / 1h	5m 40s	$74K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.451%Rate

Funding earned: $0.84
Price spread: +0.451% → 0.000%: $45.13
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: $20.97
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: edgeX: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

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 edgeX live order book, 3 min ago	7.13 bp	11.6 bp −$12	13.1 bp −$131	44.1 bp −$4,413	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENA on 41 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	0.2115	+0.478%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	+0.445%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2114	+0.415%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.863%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0035%	4h	0.2114	+0.426%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2115	+0.459%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	+0.416%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	+0.466%	$680K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	+0.363%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2111	+0.293%	$412K	$530K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.254%	$130.1M	$433.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2110	+0.250%	$86.4M	$180.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	+0.269%	$20.8M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	+0.506%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2111	+0.274%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.989%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	+0.359%	$11.0M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.240%	$44.7M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.321%	$24.5M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	+0.155%	$48.0M	$59.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.231%	—	$32.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2116	+0.516%	$382K	$370K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	+0.425%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2105	long leg	$246K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.046%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	−0.011%	$32K	$654K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	+0.430%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−1.926%	$1K	$847K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	+0.464%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.820%	$276K	$812K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2115	+0.464%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2110	+0.209%	$47K	$110	10x	as long as short
Aevo ENA-PERPshort	+0.0104%	1h	0.2115	+0.451%	$74K	$4K	3x
Extended ENA-USD	+0.0184%	1h	0.2112	+0.326%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2118	+0.587%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2114	+0.421%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2116	+0.514%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0384%	1h	0.2113	+0.373%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	+0.416%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0472%	1h	0.2115	+0.487%	$113.7M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2115	+0.478%	$830K	$1.6M	50x	as long as short