Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Polymarket Perps+0.252%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

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

costs, in and out, $10k−$350.350% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 7 days−0.327%−$33 · spread now +0.252%, 7d avg −0.030%

Together, before fees−0.090%+ Points / potential airdropedgeX: Active · farm board−$9 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 0.282% dearer against Polymarket Perps than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ENA-USD	0.2099	0.0100	pay 0.0013% / 1h	50m 40s	$181K	$2.3M	10x
Short	edgeX ENAUSDC	0.2105	0.0100	get 0.0050% / 4h	50m 40s	$242K	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Polymarket 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 Polymarket PerpsbpFee edgeXbpOrdersPrice spread, now +0.252%Rate

Funding earned: $0
Price spread: +0.252% → −0.030%: $28.19
Slippage, 4 orders: −$17.98
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$6.79
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; edgeX: live order book, 3 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 Polymarket Perps live order book, 3 min ago	0.95 bp	6.8 bp −$7	10.2 bp −$102	13008.7 bp −$1.30M	doesn't fit
Sell edgeX live order book, 3 min ago	7.12 bp	11.6 bp −$12	13.1 bp −$131	44.4 bp −$4,436	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
Backpack ENA_USDC_PERP	−0.0230%	1h	0.2097	−0.105%	$370K	$372K	5x	as long as short
01 Exchange ENAUSD	−0.0096%	1h	0.2091	−0.419%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0056%	4h	0.2095	−0.186%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	−0.143%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2098	−0.067%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.143%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0068%	1h	0.2092	−0.329%	$138K	$15K	5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2108	+0.419%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2094	−0.248%	$5.2M	$13.3M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	−0.400%	$55K	$501K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	−0.241%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.055%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2097	−0.114%	$111.9M	$72.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2096	−0.158%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2094	−0.280%	$408K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2091	−0.391%	$127.8M	$415.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	−0.419%	$85.0M	$176.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2092	−0.367%	$20.6M	$101.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2106	+0.314%	$19K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	−0.352%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.362%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	−0.343%	$11.0M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	−0.357%	$45.2M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	−0.138%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2090	−0.462%	$47.5M	$57.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2091	−0.381%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.125%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2105	+0.252%	$242K	$7.0M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.239%	$353K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2104	+0.219%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USDlong	+0.0100%	1h	0.2099	long leg	$181K	$2.3M	10x
SunX ENA-USDT	+0.0100%	4h	0.2048	−2.429%	$934	$841K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	−0.162%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.081%	$272K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2095	−0.210%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2090	−0.428%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	−0.138%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2098	−0.079%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2098	−0.065%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2098	−0.081%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−0.045%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2112	+0.591%	$860K	$1.5M	50x	as long as short