Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: BingX against Extended+0.038%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

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

Together, before fees—+ Points / potential airdropExtended: 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: BingX is 0.038% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2113	0.0104	pay 0.0013% / 1h	3m 34s	$1.6M	$4.2M	50x
Short	BingX ENA-USDT	0.2114	0.0100	get 0.0050% / 4h	3m 34s	—	$32.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$0.84
Price spread: +0.038% → 0.000%: $3.8
Slippage, 4 orders: −$8.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.11
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BingX: live order book, 10 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 Extended live order book, 5 min ago	0.24 bp	4.6 bp −$5	13.9 bp −$139	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.94 bp	6.6 bp −$7	8.6 bp −$86	14.5 bp −$1,447	32.0 bp −$16.0K

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	0.2110	−0.113%	$361K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0081%	4h	0.2109	−0.175%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2115	+0.114%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2109	−0.184%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2109	−0.169%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.497%	$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	0.2114	+0.052%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	+0.017%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	+0.076%	$659K	$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	0.2113	−0.008%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	+0.046%	$403K	$521K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2115	+0.113%	$128.6M	$415.9M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	+0.128%	$85.4M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	+0.156%	$21.1M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	−0.360%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	+0.100%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	−0.303%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	+0.076%	$11.1M	$22.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	+0.047%	$46.1M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	+0.047%	$25.0M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2113	+0.005%	$48.0M	$57.6M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2114	+0.038%	—	$32.3M	—
Variational Omni ENA	+0.0100%	4h	0.2105	−0.384%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2107	−0.288%	$243K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	−0.223%	$358K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	−0.232%	$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	0.2057	−2.641%	$1K	$850K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.184%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2111	−0.085%	$273K	$796K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2110	−0.137%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2113	long leg	$1.6M	$4.2M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2109	−0.186%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0159%	1h	0.2112	−0.028%	$140K	$15K	5x	as long as short
Lighter ENA	+0.0168%	1h	0.2116	+0.137%	$5.2M	$13.5M	10x	as long as short
Hyperliquid ENA	+0.0202%	1h	0.2117	+0.185%	$115.3M	$74.8M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0243%	1h	0.2111	−0.108%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2110	−0.149%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	−0.274%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2108	−0.210%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2128	+0.720%	$870K	$1.7M	50x	as long as short