Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against HTX−0.393%77s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.876% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.360%−$36 · spread now −0.393%, 7d avg −0.054%

Together, before fees−0.360%+ Points / potential airdropedgeX: Active · farm board−$36 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: edgeX is 0.339% cheaper against HTX than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.054%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2103	0.0100	pay 0.0050% / 4h	2h 44m	$273K	$1.6M	50x
Short	edgeX ENAUSDC	0.2095	0.0100	get 0.0050% / 4h	2h 44m	$250K	$8.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.393%Rate

Funding earned: $0
Price spread: −0.393% → −0.054%: −$33.9
Slippage, 4 orders: −$66.63
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$121.53
Costs to cover: 0.876%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; edgeX: live order book, 5 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, 4 min ago	19.73 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	7.16 bp	11.7 bp −$12	13.2 bp −$132	44.8 bp −$4,483	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
Backpack ENA_USDC_PERP	−0.0408%	1h	0.2093	−0.461%	$360K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0088%	4h	0.2093	−0.452%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0048%	1h	0.2094	−0.437%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0046%	4h	0.2093	−0.485%	$10.3M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2094	−0.409%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2094	−0.423%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.975%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2096	−0.323%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2093	−0.471%	$59K	$542K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2093	−0.478%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2094	−0.414%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2095	−0.364%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2093	−0.457%	$402K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2094	−0.441%	$129.2M	$470.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2092	−0.499%	$87.6M	$194.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	−0.437%	$20.1M	$114.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	−0.437%	$19K	$444K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2094	−0.423%	$83K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.138%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	−0.380%	$44.9M	$48.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	−0.380%	$24.2M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2092	−0.514%	$47.4M	$66.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2094	−0.437%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2094	−0.420%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2095	−0.393%	$250K	$8.0M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−0.374%	$356K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	−0.376%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2096	−0.309%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2043	−2.829%	$780	$807K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2093	−0.471%	$4K	$14K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2103	long leg	$273K	$1.6M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2093	−0.471%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2093	−0.488%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2094	−0.428%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2096	−0.345%	$2.7M	$5.8M	50x	as long as short
Lighter ENA	+0.0136%	1h	0.2096	−0.347%	$5.6M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0211% / S −0.0159%	1h	0.2094	−0.445%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0253%	1h	0.2097	−0.262%	$111.4M	$80.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	−0.461%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	−0.420%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	−0.100%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.8963%	1h	0.2094	−0.440%	$138K	$12K	5x	as long as short