Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.045%

Price spread now: 01 Exchange against Gate+0.170%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and 01 Exchange is 0.170% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread 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	Gate ENA_USDT	0.2115	0.0100	pay 0.0050% / 4h	3h 40m	$10.8M	$20.8M	50x
Short	01 Exchange ENAUSD	0.2119	0.0208	get 0.0026% / 1h	40m 58s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.170%Rate

Funding earned: $22.68
Price spread: +0.170% → 0.000%: $17.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $17.7
Costs to cover: 0.220%
Break-even: 1.5 days

Slippage unknown: Gate: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	5.42 bp	17.5 bp −$18	25.8 bp −$258	52.4 bp −$5,244	92.3 bp −$46.2K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0014%	1h	0.2117	+0.113%	$377K	$417K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.113%	$91K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2117	+0.071%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0022%	4h	0.2117	+0.080%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.392%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0042%	1h	0.2119	+0.182%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2117	+0.090%	$62K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.097%	$669K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2118	+0.137%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	+0.191%	$411K	$555K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.052%	$131.2M	$446.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	0.000%	$89.0M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	+0.014%	$20.7M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	+0.085%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2118	+0.137%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−0.099%	$89K	−$0	10x	as long as short
Gate ENA_USDTlong	+0.0100%	4h	0.2115	long leg	$10.8M	$20.8M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2116	+0.038%	$46.3M	$44.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	+0.109%	$24.4M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.043%	$48.0M	$62.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2115	+0.009%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+0.138%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2119	+0.198%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	+0.257%	$355K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	+0.090%	$34K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	+0.076%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2068	−2.227%	$892	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2117	+0.090%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2124	+0.426%	$276K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2117	+0.090%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	+0.094%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	+0.075%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2117	+0.090%	$7K	$347K	10x	as long as short
01 Exchange ENAUSDshort	+0.0208%	1h	0.2119	+0.170%	$4K	$302	10x
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2119	+0.180%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2116	+0.054%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0264%	1h	0.2115	−0.014%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.080%	$5.6M	$3.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2116	+0.041%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0584%	1h	0.2120	+0.232%	$5.6M	$12.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2125	+0.454%	$839K	$1.9M	50x	as long as short
Hyperliquid ENA	+0.0663%	1h	0.2121	+0.265%	$114.3M	$76.4M	10x	as long as short