Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.168%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.168%, 7d avg +0.083%

Together, before fees+0.346%+ Points / potential airdropPacifica: Active · farm board+$35 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: HTX is 0.251% cheaper against Pacifica than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ENA	0.2162	0.0100	pay 0.0013% / 1h	19m 33s	$406K	$528K	10x
Short	HTX ENA-USDT	0.2158	0.0100	get 0.0050% / 4h	2h 19m	$272K	$796K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → +0.083%: −$25.15
Slippage, 4 orders: −$65.08
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$110.23
Costs to cover: 0.851%
Break-even: never at this rate

Slippage from Pacifica: live order book, 29 min ago; HTX: live order book, 54 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, 29 min ago	1.66 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 54 min ago	25.82 bp	36.0 bp −$36	doesn't fit	doesn't fit	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	−0.0139%	4h	0.2155	−0.312%	$45K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2155	−0.287%	$84K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.769%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2164	+0.100%	$4K	$277	10x	as long as short
Gate ENA_USDT	+0.0076%	4h	0.2162	−0.006%	$11.4M	$24.2M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2161	−0.030%	$60K	$468K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2162	+0.005%	$669K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2164	+0.118%	$117.5M	$74.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2162	+0.026%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2162	long leg	$406K	$528K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2162	+0.006%	$131.0M	$420.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2162	+0.031%	$87.3M	$176.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2162	+0.035%	$21.6M	$107.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	−0.580%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2163	+0.063%	$80K	$280K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2162	+0.012%	$47.4M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2162	+0.031%	$25.2M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2161	−0.020%	$49.2M	$58.2M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2162	+0.021%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2139	−1.025%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	−0.907%	$246K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2126	−1.649%	$356K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2127	−1.602%	$19K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2162	+0.035%	$192K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2104	−2.690%	$1K	$878K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2155	−0.307%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2158	−0.168%	$272K	$796K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2154	−0.353%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−1.394%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2161	−0.039%	$48K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2161	−0.012%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2154	−0.368%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2155	−0.284%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0159%	1h	0.2156	−0.262%	$2.7M	$4.3M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0214%	1h	0.2156	−0.270%	$70K	$1.1M	50x	as long as short
dYdX ENA-USD	+0.0259%	1h	0.2160	−0.099%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0264%	1h	0.2164	+0.100%	$5.4M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0753%	1h	0.2155	−0.304%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	−0.959%	$5.5M	$3.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2162	+0.014%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0628%	1h	0.2159	−0.127%	$363K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2158	−0.178%	$884K	$1.8M	50x	as long as short