Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against edgeX+0.724%77s7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as 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−$960.956% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.502%−$50 · spread now +0.724%, 7d avg +0.071%

Together, before fees−0.502%+ Points / potential airdropedgeX: Active · farm board−$50 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 0.653% dearer against edgeX than usual: you sell high and buy low, +$65 on $10k if it goes back to its 7-day average of +0.071%. The two prices were read 77 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	0.2121	0.0100	pay 0.0050% / 4h	3h 52m	$257K	$7.0M	20x
Short	HTX ENA-USDT	0.2136	0.0100	get 0.0050% / 4h	3h 52m	$268K	$807K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.724%Rate

Funding earned: $0
Price spread: +0.724% → +0.071%: $65.27
Slippage, 4 orders: −$74.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.33
Costs to cover: 0.956%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; HTX: live order book, 6 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	7.04 bp	11.5 bp −$12	13.0 bp −$130	43.7 bp −$4,366	doesn't fit
Sell HTX live order book, 6 min ago	13.84 bp	32.0 bp −$32	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
Phemex ENAUSDT	−0.1079%	4h	0.2130	+0.441%	$1.9M	$9.0M	50x	as long as short
01 Exchange ENAUSD	−0.0096%	1h	0.2135	+0.691%	$4K	$277	10x	as long as short
Orderly PERP_ENA_USDC	−0.0083%	4h	0.2127	+0.304%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2128	+0.361%	$75K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	+0.459%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.130%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2135	+0.677%	$53K	$488K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2133	+0.585%	$572K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2135	+0.663%	$115.8M	$75.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	+0.455%	$1.4M	$3.3M	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	0.2135	+0.687%	$412K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2130	+0.455%	$129.5M	$426.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2130	+0.465%	$88.9M	$192.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2128	+0.337%	$21.3M	$108.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2131	+0.483%	$33K	$313K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2133	+0.582%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	+0.276%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2133	+0.568%	$13.4M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2134	+0.611%	$39.7M	$42.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2136	+0.729%	$25.1M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	+0.219%	$48.2M	$60.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2128	+0.361%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2123	+0.101%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2121	long leg	$257K	$7.0M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2122	+0.085%	$361K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2122	+0.064%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2136	+0.705%	$176K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2085	−1.667%	$889	$913K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2128	+0.347%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2136	+0.724%	$268K	$807K	50x
Paradex ENA-USD-PERP	+0.0100%	8h	0.2134	+0.622%	$48K	$110	10x	as long as short
Lighter ENA	+0.0104%	1h	0.2130	+0.436%	$5.0M	$12.6M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2127	+0.310%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2128	+0.364%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0124%	1h	0.2133	+0.578%	$141K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2133	+0.578%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0196%	1h	0.2129	+0.379%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0754%	1h	0.2133	+0.560%	$59K	—	100x	as long as short
Backpack ENA_USDC_PERP	+0.0311%	1h	0.2133	+0.568%	$413K	$480K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.554%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2132	+0.529%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2138	+0.804%	$803K	$2.0M	50x	as long as short