Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.063%

Price spread now: 01 Exchange against HTX−0.057%7-day average — · you buy dearer than you sell

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

Long on HTX 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.057% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2097	0.0100	pay 0.0050% / 4h	2h 34m	$272K	$1.6M	50x
Short	01 Exchange ENAUSD	0.2096	−0.0032	pay 0.0004% / 1h	34m 19s	$4K	$432	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.057%Rate

Funding earned: −$27.72
Price spread: −0.057% → 0.000%: −$5.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$52.44
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	20.26 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
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	−0.0347%	1h	0.2095	−0.072%	$361K	$485K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2096	−0.038%	$41K	$23K	10x	as long as short
01 Exchange ENAUSDshort	−0.0032%	1h	0.2096	−0.057%	$4K	$432	10x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	−0.024%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	−0.052%	$96K	—	150x	as long as short
Gate ENA_USDT	+0.0006%	4h	0.2095	−0.100%	$10.4M	$21.5M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.264%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2095	−0.086%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	−0.091%	$59K	$541K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	−0.064%	$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	−0.159%	$657K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2096	−0.052%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2095	−0.075%	$402K	$585K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.070%	$129.2M	$467.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	−0.110%	$87.7M	$193.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	−0.057%	$20.2M	$114.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2091	−0.305%	$19K	$433K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	−0.043%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	−0.138%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	−0.067%	$44.7M	$48.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2096	−0.029%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2094	−0.119%	$47.4M	$66.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2095	−0.081%	—	$32.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2092	−0.235%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2091	−0.285%	$248K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2093	−0.171%	$359K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2093	−0.186%	$32K	$713K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	−0.019%	$181K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2045	−2.489%	$1K	$806K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2095	−0.091%	$4K	$14K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2097	long leg	$272K	$1.6M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2096	−0.043%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2095	−0.106%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	−0.010%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2097	−0.009%	$2.7M	$5.8M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0212% / S −0.0161%	1h	0.2096	−0.038%	$50K	—	100x	as long as short
Lighter ENA	+0.0272%	1h	0.2098	+0.067%	$5.7M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0299%	1h	0.2098	+0.052%	$110.7M	$80.8M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	−0.095%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	−0.106%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.186%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.9157%	1h	0.2094	−0.142%	$138K	$15K	5x	as long as short