Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.011%

Price spread now: HTX against Extended+0.381%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$830.827% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.644%+$64 · spread now +0.381%, 7d avg +0.131%

Together, before fees+0.602%+ Points / potential airdropExtended: Active · farm board+$60 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 0.249% dearer against Extended than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ENA-USD	0.2109	0.0104	pay 0.0013% / 1h	37m 04s	$1.6M	$4.1M	50x
Short	HTX ENA-USDT	0.2117	0.0100	get 0.0050% / 4h	1h 37m	$277K	$779K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.381%Rate

Funding earned: −$0.84
Price spread: +0.381% → +0.131%: $24.94
Slippage, 4 orders: −$65.7
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.6
Costs to cover: 0.827%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; HTX: live order book, 52 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, 2 min ago	0.47 bp	5.6 bp −$6	15.0 bp −$150	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	18.62 bp	26.9 bp −$27	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.096%	$79K	$1.3M	50x	as long as short
Orderly PERP_ENA_USDC	0.0000%	4h	0.2109	+0.034%	$44K	$27K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2110	+0.088%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2108	−0.018%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.703%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0088%	1h	0.2104	−0.217%	$139K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2108	−0.027%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2108	−0.013%	$681K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2112	+0.186%	$113.6M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	+0.052%	$1.5M	$3.0M	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	0.2104	−0.209%	$411K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2110	+0.067%	$129.5M	$422.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	+0.011%	$86.5M	$175.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	+0.020%	$20.8M	$102.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	−0.132%	$19K	$364K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2105	−0.170%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.210%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	+0.077%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.049%	$45.4M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	+0.110%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.051%	$48.0M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.082%	—	$32.2M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2111	+0.134%	$374K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.159%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.228%	$244K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2106	−0.122%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	−0.170%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2110	+0.068%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2058	−2.403%	$1K	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.068%	$3K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2117	+0.381%	$277K	$779K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2112	+0.162%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.199%	$47K	$110	10x	as long as short
Extended ENA-USDlong	+0.0104%	1h	0.2109	long leg	$1.6M	$4.1M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2110	+0.046%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.070%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2111	+0.097%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2111	+0.115%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2109	+0.044%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0352%	1h	0.2113	+0.196%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2110	+0.045%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2114	+0.243%	$831K	$1.5M	50x	as long as short