Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX−1.338%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −1.338%, 7d avg −0.052%

Together, before fees+0.127%+$13 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: ApeX Omni is 1.285% cheaper against HTX than usual: you would sell low and buy high, −$129 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2146	0.0100	pay 0.0050% / 4h	3h 22m	$267K	$843K	50x
Short	ApeX Omni ENAUSDT	0.2117	0.0100	get 0.0013% / 1h	22m 57s	$19K	$645K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −1.338%Rate

Funding earned: $0
Price spread: −1.338% → −0.052%: −$128.54
Slippage, 4 orders: −$90.91
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$241.45
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from HTX: live order book, 36 min ago; ApeX Omni: 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 HTX live order book, 36 min ago	13.84 bp	40.5 bp −$40	294.0 bp −$2,940	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 10 min ago	11.75 bp	20.7 bp −$21	136.4 bp −$1,364	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	−0.0232%	4h	0.2136	−0.452%	$1.8M	$8.9M	50x	as long as short
01 Exchange ENAUSD	−0.0120%	1h	0.2134	−0.555%	$4K	$169	10x	as long as short
Orderly PERP_ENA_USDC	−0.0104%	4h	0.2139	−0.303%	$44K	$15K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2141	−0.214%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2139	−0.291%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	−1.109%	$734	$57K	5.5x	as long as short
Bitget ENAUSDT	+0.0078%	4h	0.2136	−0.466%	$48.3M	$61.1M	75x	as long as short
Gate ENA_USDT	+0.0092%	4h	0.2138	−0.364%	$13.4M	$27.9M	50x	as long as short
Lighter ENA	+0.0096%	1h	0.2140	−0.242%	$5.0M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2135	−0.499%	$55K	$498K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0099%	8h	0.2134	−0.539%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2135	−0.510%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2139	−0.304%	$116.3M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2137	−0.384%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2134	−0.535%	$410K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2137	−0.412%	$128.9M	$430.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2137	−0.396%	$88.9M	$194.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2137	−0.391%	$21.2M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2120	−1.184%	$38K	$327K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2134	−0.545%	$78K	$283K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	−1.545%	$92K	$511	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2139	−0.303%	$41.7M	$43.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2139	−0.294%	$25.1M	$16.0M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2138	−0.368%	—	$31.0M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2139	−0.322%	$414K	$479K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−1.457%	$3.0M	$9.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	−1.198%	$248K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−1.198%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2117	−1.338%	$19K	$645K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2137	−0.405%	$176K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2087	−2.731%	$1K	$930K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2139	−0.312%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2146	long leg	$267K	$843K	50x
Extended ENA-USD	+0.0104%	1h	0.2136	−0.462%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2139	−0.302%	$75K	$4K	3x	as long as short
dYdX ENA-USD	+0.0105%	1h	0.2123	−1.053%	$140K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	−1.244%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2140	−0.264%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0756%	1h	0.2138	−0.350%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2138	−0.364%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2137	−0.426%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2118	−1.277%	$786K	$2.0M	50x	as long as short