Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Pacifica+0.110%58s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$360.361% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.110%, 7d avg −0.006%

Together, before fees−0.151%+ Points / potential airdropPacifica: Active · farm board−$15 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: Binance is 0.116% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 58 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	Pacifica ENA	0.2111	0.0100	pay 0.0013% / 1h	44m 42s	$412K	$516K	10x
Short	Binance ENAUSDT	0.2113	0.0100	get 0.0050% / 4h	1h 44m	$130.0M	$425.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → −0.006%: $11.6
Slippage, 4 orders: −$18.07
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.46
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Pacifica: live order book, 19 min ago; Binance: live order book, 14 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 Pacifica live order book, 19 min ago	1.41 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.23 bp	9.1 bp −$9	18.7 bp −$187	66.5 bp −$6,648	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	+0.225%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2114	+0.179%	$82K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0013%	4h	0.2114	+0.163%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2114	+0.163%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.604%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2113	+0.111%	$54K	$500K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	+0.127%	$682K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2115	+0.206%	$113.7M	$71.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2116	+0.256%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2111	long leg	$412K	$516K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDTshort	+0.0100%	4h	0.2113	+0.110%	$130.0M	$425.4M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2112	+0.073%	$86.7M	$177.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	+0.130%	$20.8M	$103.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2107	−0.187%	$19K	$381K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	+0.111%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.111%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	+0.130%	$11.1M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2114	+0.154%	$45.5M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2117	+0.310%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2112	+0.040%	$48.1M	$58.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2113	+0.116%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2110	−0.032%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2108	−0.113%	$245K	$7.4M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2109	−0.095%	$350K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+0.017%	$32K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+0.192%	$186K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.371%	$1K	$842K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2114	+0.159%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2116	+0.249%	$275K	$785K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2114	+0.159%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	+0.087%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2115	+0.201%	$74K	$4K	3x	as long as short
Backpack ENA_USDC_PERP	+0.0109%	1h	0.2116	+0.239%	$374K	$364K	5x	as long as short
dYdX ENA-USD	+0.0129%	1h	0.2115	+0.212%	$140K	$15K	5x	as long as short
Extended ENA-USD	+0.0136%	1h	0.2115	+0.228%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0150%	1h	0.2109	−0.059%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2114	+0.160%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2116	+0.241%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.187%	$5.7M	$3.1M	75x	as long as short
Lighter ENA	+0.0352%	1h	0.2115	+0.220%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	+0.158%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2117	+0.287%	$832K	$1.5M	50x	as long as short