Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX+0.371%7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$710.705% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.398%−$40 · spread now +0.371%, 7d avg −0.085%

Together, before fees−0.417%+ Points / potential airdropPacifica: Active · farm board−$42 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: Pacifica is 0.456% dearer against HTX than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2129	0.0100	pay 0.0050% / 4h	2h 32m	$275K	$1.0M	50x
Short	Pacifica ENA	0.2137	0.0100	get 0.0013% / 1h	32m 25s	$418K	$548K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.371%Rate

Funding earned: $0
Price spread: +0.371% → −0.085%: $45.62
Slippage, 4 orders: −$50.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$24.91
Costs to cover: 0.705%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Pacifica: live order book, 36 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, 1 min ago	14.54 bp	27.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 36 min ago	1.38 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit

ENA on 41 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	0.2138	+0.427%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2138	+0.411%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0019%	1h	0.2131	+0.100%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.263%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0041%	4h	0.2138	+0.404%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2138	+0.418%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2137	+0.376%	$57K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2138	+0.427%	$696K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2137	+0.371%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2137	+0.371%	$418K	$548K	10x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2138	+0.423%	$132.5M	$445.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2138	+0.413%	$87.7M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2138	+0.413%	$21.1M	$109.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	−0.052%	$19K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2138	+0.423%	$116K	$255K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−1.115%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2138	+0.409%	$11.1M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2138	+0.418%	$45.6M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2138	+0.432%	$24.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2137	+0.395%	$48.6M	$61.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2137	+0.385%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2127	−0.089%	$368K	$378K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.727%	$3.7M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.646%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−0.434%	$357K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	−0.235%	$32K	$667K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2138	+0.423%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2087	−1.996%	$1K	$851K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2137	+0.376%	$4K	$10K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2129	long leg	$275K	$1.0M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2126	−0.141%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2137	+0.375%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2138	+0.407%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2107	−1.033%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2137	+0.379%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0249%	1h	0.2139	+0.479%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2138	+0.406%	$51K	—	100x	as long as short
Lighter ENA	+0.0368%	1h	0.2140	+0.517%	$5.6M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2137	+0.398%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0526%	1h	0.2141	+0.568%	$115.5M	$72.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−0.855%	$827K	$1.7M	50x	as long as short