Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX−0.297%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.297%, 7d avg −0.070%

Together, before fees−0.185%−$19 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: KuCoin is 0.227% cheaper against HTX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2122	0.0100	pay 0.0050% / 4h	3h 55m	$274K	$793K	50x
Short	KuCoin ENAUSDTM	0.2116	0.0100	get 0.0050% / 4h	3h 55m	$25.0M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.297%Rate

Funding earned: $0
Price spread: −0.297% → −0.070%: −$22.7
Slippage, 4 orders: −$74.94
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$121.64
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from HTX: live order book, 24 min ago; KuCoin: live order book, 4 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, 24 min ago	25.21 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.07 bp	14.9 bp −$15	28.3 bp −$283	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
Backpack ENA_USDC_PERP	−0.0308%	1h	0.2117	−0.250%	$362K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0084%	4h	0.2112	−0.471%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2114	−0.400%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	−0.448%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.042%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0040%	1h	0.2109	−0.642%	$139K	$15K	5x	as long as short
01 Exchange ENAUSD	+0.0072%	1h	0.2110	−0.575%	$4K	$302	10x	as long as short
Phoenix ENA	+0.0076%	1h	0.2109	−0.627%	$8K	$274K	10x	as long as short
Gate ENA_USDT	+0.0090%	4h	0.2116	−0.297%	$11.1M	$22.0M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	−0.589%	$56K	$464K	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	+0.0100%	8h	0.2107	−0.745%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2111	−0.563%	$657K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2114	−0.416%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2110	−0.583%	$403K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	−0.309%	$128.7M	$415.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2114	−0.382%	$85.3M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	−0.325%	$21.0M	$103.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2115	−0.367%	$20K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.589%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	−0.754%	$92K	$4K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	−0.259%	$46.2M	$40.8M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2116	−0.297%	$25.0M	$15.6M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.415%	$47.9M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	−0.287%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2108	−0.693%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	−0.532%	$244K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	−0.554%	$352K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	−0.589%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	−0.457%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.813%	$1K	$851K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2115	−0.353%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2122	long leg	$274K	$793K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.306%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2114	−0.400%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	−0.416%	$74K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2116	−0.314%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0216%	1h	0.2117	−0.269%	$5.2M	$13.2M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2113	−0.463%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2113	−0.429%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2111	−0.542%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0437%	1h	0.2120	−0.132%	$115.5M	$74.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2120	−0.137%	$866K	$1.7M	50x	as long as short