Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.072%

Price spread now: BloFin against SoDEX−0.014%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2096	0.0100	pay 0.0013% / 1h	52m 51s	$3K	$7K	10x
Short	BloFin ENA-USDT	0.2096	0.0340	get 0.0170% / 4h	2h 52m	$5.5M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.014%Rate

Funding earned: $50.4
Price spread: −0.014% → 0.000%: −$1.43
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $28.97
Costs to cover: 0.200%
Break-even: 3.0 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 6 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	2.38 bp	13.1 bp −$13	21.1 bp −$211	65.2 bp −$6,525	doesn't fit

SoDEX: 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 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	−0.0138%	4h	0.2095	−0.048%	$44K	$25K	10x	as long as short
Gate ENA_USDT	−0.0036%	4h	0.2098	+0.081%	$10.9M	$23.3M	50x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2093	−0.153%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2096	+0.010%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	+0.008%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.307%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2092	−0.191%	$56K	$466K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2092	−0.208%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2094	−0.093%	$650K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2099	+0.162%	$113.6M	$74.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2098	+0.099%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2092	−0.199%	$398K	$512K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	+0.081%	$127.0M	$416.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	+0.110%	$85.3M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.157%	$21.0M	$103.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2092	−0.177%	$22K	$319K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	−0.191%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	−0.074%	$92K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	+0.110%	$45.4M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2099	+0.138%	$24.8M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	+0.029%	$47.7M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2098	+0.091%	—	$31.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.037%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2088	−0.393%	$239K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	+0.525%	$348K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	+0.477%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2096	+0.010%	$188K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2044	−2.467%	$1K	$866K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2096	long leg	$3K	$7K	10x
HTX ENA-USDT	+0.0100%	4h	0.2097	+0.043%	$273K	$778K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2097	+0.048%	$1.7M	$8.9M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2099	+0.153%	$5.2M	$13.0M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2097	+0.056%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	0.000%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2094	−0.119%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0164%	1h	0.2098	+0.116%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2096	+0.004%	$70K	—	100x	as long as short
BloFin ENA-USDTshort	+0.0340%	4h	0.2096	−0.014%	$5.5M	$3.0M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2096	−0.007%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0423%	1h	0.2098	+0.091%	$358K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2100	+0.191%	$860K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.0782%	1h	0.2092	−0.168%	$138K	$15K	5x	as long as short