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: BingX against Ondo Perps+1.034%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 1.034% dearer against Ondo Perps than usual: you sell high and buy low, +$103 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2128	0.0100	pay 0.0013% / 1h	29m 35s	$19K	$411K	5x
Short	BingX ENA-USDC	0.2150	0.0100	get 0.0050% / 4h	2h 29m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Ondo Perps. 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 Ondo PerpsbpFee BingXbpOrdersPrice spread, now +1.034%Rate

Funding earned: $0
Price spread: +1.034% → 0.000%: $103.39
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $88.39
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; BingX: live order book, 11 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 11 min ago	0.47 bp	9.0 bp −$9	22.5 bp −$225	83.3 bp −$8,328	411.7 bp −$205.8K

Ondo Perps: 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 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	0.2147	+0.916%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2148	+0.966%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0017%	1h	0.2151	+1.097%	$142K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.211%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0042%	4h	0.2147	+0.912%	$45K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0072%	1h	0.2152	+1.114%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2150	+1.039%	$56K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2150	+1.046%	$700K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2153	+1.180%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2152	+1.116%	$421K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2151	+1.103%	$133.4M	$444.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2150	+1.029%	$88.3M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2149	+0.982%	$21.2M	$109.4M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2128	long leg	$19K	$411K	5x
Arcus ENA-USD	+0.0100%	1h	0.2151	+1.086%	$117K	$251K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−1.064%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2151	+1.067%	$11.1M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2151	+1.081%	$46.1M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2154	+1.208%	$24.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2149	+0.982%	$48.9M	$61.1M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2150	+1.034%	—	$6.5M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2152	+1.118%	$372K	$376K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2140	+0.555%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2140	+0.584%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2127	−0.020%	$353K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2142	+0.663%	$32K	$656K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2150	+1.057%	$182K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2100	−1.302%	$1K	$850K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2148	+0.945%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2158	+1.415%	$279K	$990K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2148	+0.945%	$1.9M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2150	+1.053%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2147	+0.886%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2138	+0.484%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0248%	1h	0.2149	+0.992%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0248%	1h	0.2150	+1.029%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0252% / S −0.0206%	1h	0.2148	+0.946%	$51K	—	100x	as long as short
Lighter ENA	+0.0376%	1h	0.2154	+1.208%	$5.6M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2149	+0.995%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0535%	1h	0.2154	+1.231%	$116.5M	$73.2M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−0.804%	$827K	$1.7M	50x	as long as short