Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SoDEX+0.584%75s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on edgeX

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—+ Points / potential airdropedgeX: 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: edgeX is 0.584% dearer against SoDEX than usual: you sell high and buy low, +$58 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	SoDEX ENA-USD	0.2156	0.0100	pay 0.0013% / 1h	5m 44s	$4K	$10K	10x
Short	edgeX ENAUSDC	0.2169	0.0100	get 0.0050% / 4h	3h 05m	$250K	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.584%Rate

Funding earned: $0
Price spread: +0.584% → 0.000%: $58.37
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $41.37
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	6.92 bp	11.4 bp −$11	12.9 bp −$129	43.3 bp −$4,331	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2155	−0.032%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2154	−0.092%	$88K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0030%	4h	0.2154	−0.116%	$42K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.512%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2154	−0.093%	$53K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2153	−0.160%	$716K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2155	−0.057%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2151	−0.219%	$424K	$550K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2151	−0.223%	$134.5M	$441.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2149	−0.306%	$88.3M	$186.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2150	−0.260%	$21.3M	$110.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2160	+0.176%	$16K	$414K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2152	−0.186%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2167	+0.510%	$95K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2150	−0.288%	$10.9M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2150	−0.260%	$45.4M	$45.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2151	−0.218%	$24.7M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2148	−0.362%	$48.7M	$61.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2150	−0.283%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2154	−0.088%	$382K	$376K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2153	−0.151%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2169	+0.584%	$250K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2169	+0.623%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2169	+0.603%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2153	−0.121%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2102	−2.481%	$1K	$833K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2156	long leg	$4K	$10K	10x
HTX ENA-USDT	+0.0100%	4h	0.2158	+0.111%	$279K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2152	−0.186%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2150	−0.256%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2155	−0.069%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2169	+0.612%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0168%	1h	0.2155	−0.042%	$4K	$302	10x	as long as short
dYdX ENA-USD	+0.0200%	1h	0.2153	−0.149%	$142K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2157	+0.061%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2154	−0.094%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2166	+0.459%	$5.7M	$2.0M	75x	as long as short
Extended ENA-USD	+0.0360%	1h	0.2149	−0.341%	$1.6M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2153	−0.158%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2162	+0.278%	$855K	$1.8M	50x	as long as short
Hyperliquid ENA	+0.0770%	1h	0.2156	−0.005%	$116.4M	$74.4M	10x	as long as short
Lighter ENA	+0.0776%	1h	0.2155	−0.042%	$5.9M	$13.2M	10x	as long as short