Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against edgeX+0.277%85s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as 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−$550.549% of the position

Long on edgeX Short on BingX

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−0.255%−$25 · spread now +0.277%, 7d avg −0.004%

Together, before fees−0.256%+ Points / potential airdropedgeX: Active · farm board−$26 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: BingX is 0.281% dearer against edgeX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 85 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	0.2096	0.0100	pay 0.0050% / 4h	3h 32m	$240K	$6.9M	20x
Short	BingX ENA-USDC	0.2102	0.0100	get 0.0050% / 4h	3h 32m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.277%Rate

Funding earned: $0
Price spread: +0.277% → −0.004%: $28.1
Slippage, 4 orders: −$35.88
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.78
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; BingX: 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 edgeX live order book, 2 min ago	7.15 bp	11.7 bp −$12	13.2 bp −$132	44.3 bp −$4,425	doesn't fit
Sell BingX live order book, 3 min ago	0.71 bp	19.4 bp −$19	32.5 bp −$325	73.5 bp −$7,348	466.8 bp −$233.4K

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	−0.0132%	1h	0.2102	+0.301%	$358K	$403K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2101	+0.258%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	+0.305%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2101	+0.264%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.317%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2100	+0.215%	$4K	$277	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	+0.153%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	+0.196%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2100	+0.184%	$653K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2102	+0.281%	$1.4M	$3.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2101	+0.257%	$400K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	+0.237%	$127.4M	$414.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2101	+0.234%	$85.1M	$174.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	+0.258%	$20.9M	$103.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2100	+0.181%	$22K	$332K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	+0.201%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.105%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2101	+0.253%	$11.1M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2101	+0.258%	$45.6M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2102	+0.315%	$24.9M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	+0.177%	$47.7M	$57.7M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2102	+0.277%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2095	−0.058%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2096	long leg	$240K	$6.9M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2097	+0.072%	$352K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	+0.296%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	+0.239%	$191K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.233%	$983	$852K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	+0.248%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	+0.339%	$272K	$790K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2102	+0.296%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	+0.257%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2103	+0.327%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2095	−0.014%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2103	+0.323%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2103	+0.363%	$5.2M	$13.2M	10x	as long as short
Hyperliquid ENA	+0.0259%	1h	0.2104	+0.382%	$114.3M	$74.0M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2102	+0.280%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	+0.291%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.176%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2103	+0.353%	$859K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1066%	1h	0.2101	+0.254%	$139K	$15K	5x	as long as short