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 −0.006%

Price spread now: Gate against edgeX−0.006%52s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$590.588% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.006%, 7d avg +0.004%

Together, before fees+0.013%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2107	0.0100	pay 0.0050% / 4h	4m 28s	$243K	$6.9M	20x
Short	Gate ENA_USDT	0.2107	0.0100	get 0.0050% / 4h	4m 28s	$11.1M	$22.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.004%: −$0.98
Slippage, 4 orders: −$34.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.74
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	7.12 bp	11.6 bp −$12	13.1 bp −$131	44.1 bp −$4,412	doesn't fit
Sell Gate live order book, 4 min ago	5.94 bp	15.8 bp −$16	33.0 bp −$330	59.4 bp −$5,940	95.9 bp −$47.9K

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	−0.0135%	1h	0.2109	+0.065%	$361K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0080%	4h	0.2107	−0.006%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2107	−0.015%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2108	+0.042%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	+0.105%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.773%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	+0.137%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2107	−0.006%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2105	−0.083%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	+0.032%	$657K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2107	+0.005%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2107	−0.015%	$402K	$521K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.007%	$128.1M	$416.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.034%	$85.0M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	+0.046%	$21.0M	$103.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.082%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	+0.042%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	−0.030%	$92K	$4K	10x	as long as short
Gate ENA_USDTshort	+0.0100%	4h	0.2107	−0.006%	$11.1M	$22.3M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2108	+0.056%	$45.9M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2109	+0.080%	$24.9M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.011%	$47.8M	$57.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2107	−0.011%	—	$32.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2105	−0.111%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2107	long leg	$243K	$6.9M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.050%	$358K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	+0.042%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.137%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.445%	$1K	$851K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.006%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	+0.194%	$273K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	+0.042%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2107	−0.027%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	+0.041%	$74K	$4K	3x	as long as short
Lighter ENA	+0.0160%	1h	0.2109	+0.084%	$5.2M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0160%	1h	0.2108	+0.059%	$139K	$15K	5x	as long as short
Hyperliquid ENA	+0.0197%	1h	0.2112	+0.241%	$115.1M	$74.8M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0243%	1h	0.2109	+0.072%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2108	+0.037%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	−0.001%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	+0.063%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2128	+0.996%	$870K	$1.7M	50x	as long as short