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: BingX against Gate−0.009%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.009%, 7d avg −0.008%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENA_USDT	0.2158	0.0100	pay 0.0050% / 4h	3h 20m	$11.0M	$21.3M	50x
Short	BingX ENA-USDT	0.2158	0.0100	get 0.0050% / 4h	3h 20m	—	$32.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.008%: −$0.13
Slippage, 4 orders: −$22.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$47.91
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	4.20 bp	20.6 bp −$21	35.5 bp −$355	53.9 bp −$5,389	89.4 bp −$44.7K
Sell BingX live order book, 3 min ago	0.70 bp	5.8 bp −$6	8.5 bp −$85	15.9 bp −$1,588	35.2 bp −$17.6K

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	0.2159	+0.060%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2159	+0.030%	$102K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.599%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2158	+0.014%	$42K	$23K	10x	as long as short
dYdX ENA-USD	+0.0037%	1h	0.2155	−0.142%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2159	+0.051%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2159	+0.056%	$715K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2158	−0.012%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2154	−0.164%	$423K	$549K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2159	+0.042%	$134.1M	$443.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2159	+0.056%	$89.1M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2158	+0.009%	$21.2M	$110.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2145	−0.584%	$16K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2159	+0.051%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	−0.690%	$90K	−$0	10x	as long as short
Gate ENA_USDTlong	+0.0100%	4h	0.2158	long leg	$11.0M	$21.3M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2158	+0.019%	$46.0M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2161	+0.153%	$24.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2157	−0.028%	$48.9M	$61.4M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2158	−0.009%	—	$32.6M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2147	−0.514%	$382K	$412K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2144	−0.621%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2144	−0.634%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2155	−0.134%	$363K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	−0.551%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2159	+0.042%	$186K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2108	−2.322%	$1K	$832K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2158	+0.005%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2160	+0.102%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2158	+0.005%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2157	−0.043%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2159	+0.036%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2147	−0.487%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2160	+0.111%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2160	+0.101%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2158	−0.004%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2158	+0.024%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2146	−0.556%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2158	−0.004%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2150	−0.371%	$852K	$1.8M	50x	as long as short
Lighter ENA	+0.0704%	1h	0.2160	+0.074%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0771%	1h	0.2162	+0.176%	$116.8M	$74.1M	10x	as long as short