Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.026%

Price spread now: HTX against Injective+0.264%7-day average — · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.264% dearer against Injective than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ENA/USDC PERP	0.2123	0.0033	pay 0.0004% / 1h	58m 52s	$522	$57K	5.5x
Short	HTX ENA-USDT	0.2129	0.0100	get 0.0050% / 4h	3h 58m	$276K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.264%Rate

Funding earned: $14
Price spread: +0.264% → 0.000%: $26.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $28.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; HTX: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	24.13 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0211%	1h	0.2127	+0.155%	$378K	$445K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2126	+0.132%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2126	+0.105%	$97K	—	150x	as long as short
Polymarket Perps ENA-USD	+0.0013%	1h	0.2126	+0.137%	$182K	$2.4M	10x	as long as short
Orderly PERP_ENA_USDC	+0.0013%	4h	0.2125	+0.085%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERPlong	+0.0033%	1h	0.2123	long leg	$522	$57K	5.5x
Popdex ENAUSDT	+0.0096%	1h	0.2124	+0.028%	$63K	$525K	50x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2126	+0.141%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2124	+0.026%	$412K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2126	+0.142%	$131.8M	$449.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2125	+0.075%	$89.3M	$188.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2125	+0.080%	$20.7M	$110.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	+0.146%	$15K	$395K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2123	−0.019%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.119%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2126	+0.127%	$10.8M	$20.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	+0.146%	$46.4M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2126	+0.127%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2124	+0.047%	$48.3M	$63.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2126	+0.113%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2124	+0.045%	$3.9M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2126	+0.112%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	+0.125%	$361K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	+0.170%	$34K	$714K	50x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2076	−2.256%	$1K	$829K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2126	+0.122%	$4K	$11K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2129	+0.264%	$276K	$1.4M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2126	+0.122%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	+0.075%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2127	+0.192%	$78K	$2K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2129	+0.254%	$7K	$341K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0235%	1h	0.2128	+0.193%	$2.7M	$5.2M	50x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2126	+0.108%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2125	+0.091%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2126	+0.113%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2125	+0.085%	$1K	$5K	15x	as long as short
01 Exchange ENAUSD	+0.0456%	1h	0.2126	+0.137%	$4K	$302	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2132	+0.424%	$842K	$1.9M	50x	as long as short
Lighter ENA	+0.0688%	1h	0.2126	+0.132%	$5.6M	$12.5M	10x	as long as short
Hyperliquid ENA	+0.0941%	1h	0.2130	+0.306%	$114.9M	$78.4M	10x	as long as short
dYdX ENA-USD	+0.1024%	1h	0.2128	+0.212%	$141K	$15K	5x	as long as short
Nado ENA-PERP	+0.1257%	1h	0.2125	+0.099%	$682K	$1.8M	10x	as long as short