Funding arb · Price arb /

ENA

all ENA markets

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 +0.001%

Price spread now: edgeX against OKX+0.412%61s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$450.447% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.449%−$45 · spread now +0.412%, 7d avg −0.006%

Together, before fees−0.379%+ Points / potential airdropedgeX: Active · farm board−$38 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 0.419% dearer against OKX than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 61 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	OKX ENA-USDT-SWAP	0.2130	0.0100	pay 0.0050% / 4h	1h 36m	$21.2M	$108.5M	50x
Short	edgeX ENAUSDC	0.2139	0.0100	get 0.0050% / 4h	1h 36m	$257K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.412%Rate

Funding earned: $0
Price spread: +0.412% → −0.006%: $41.85
Slippage, 4 orders: −$25.67
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$2.82
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 2 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 OKX live order book, 2 min ago	0.23 bp	12.0 bp −$12	24.0 bp −$240	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	7.01 bp	11.5 bp −$12	13.0 bp −$130	43.7 bp −$4,373	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
Orderly PERP_ENA_USDC	−0.0124%	4h	0.2144	+0.657%	$45K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2129	−0.070%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2146	+0.723%	$68K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2139	+0.403%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.329%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2137	+0.324%	$5.1M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2129	−0.066%	$57K	$481K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2146	+0.728%	$567K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2137	+0.291%	$115.2M	$75.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2131	+0.027%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2135	+0.205%	$403K	$539K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2129	−0.066%	$128.7M	$428.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2128	−0.103%	$86.7M	$183.5M	50x	as long as short
OKX ENA-USDT-SWAPlong	+0.0100%	4h	0.2130	long leg	$21.2M	$108.5M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2141	+0.488%	$20K	$328K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	−0.066%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2138	+0.357%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2131	+0.009%	$12.4M	$26.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2131	+0.019%	$48.4M	$42.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2134	+0.160%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2129	−0.080%	$48.4M	$60.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2129	−0.061%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	+0.403%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2139	+0.412%	$257K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2139	+0.423%	$365K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2140	+0.451%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2147	+0.760%	$188K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2094	−1.685%	$1K	$899K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2145	+0.685%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2147	+0.779%	$269K	$819K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2144	+0.638%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2133	+0.126%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2128	−0.130%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2145	+0.696%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2142	+0.526%	$8K	$276K	10x	as long as short
dYdX ENA-USD	+0.0117%	1h	0.2130	−0.001%	$141K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0308% / S −0.0753%	1h	0.2145	+0.687%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2145	+0.681%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2145	+0.665%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0439%	1h	0.2146	+0.741%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2149	+0.887%	$887K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0687%	1h	0.2144	+0.620%	$396K	$433K	5x	as long as short