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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni+0.616%7-day average −0.008% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.603%−$60 · spread now +0.616%, 7d avg −0.008%

Together, before fees−0.603%+ Points / potential airdropVariational Omni: Active · farm board−$60 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: BingX is 0.624% dearer against Variational Omni than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2144	0.0100	pay 0.0050% / 4h	3h 20m	$3.9M	$10.1M	—
Short	BingX ENA-USDT	0.2158	0.0100	get 0.0050% / 4h	3h 20m	—	$32.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.616%Rate

Funding earned: $0
Price spread: +0.616% → −0.008%: $62.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $52.42
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; BingX: 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 Variational Omni RFQ quote, 4 min ago	7.00 bp	doesn't fit	16.3 bp −$163	67.7 bp −$6,771	doesn't fit
Sell BingX live order book, 3 min ago	0.70 bp	5.8 bp −$6	8.5 bp −$85	15.9 bp −$1,588	35.2 bp −$17.6K

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	0.2159	+0.686%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2159	+0.655%	$102K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.984%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2158	+0.639%	$42K	$23K	10x	as long as short
dYdX ENA-USD	+0.0037%	1h	0.2155	+0.482%	$142K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2159	+0.676%	$63K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2159	+0.681%	$715K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2158	+0.613%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2154	+0.460%	$423K	$549K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2159	+0.667%	$134.1M	$443.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2159	+0.681%	$89.1M	$187.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2158	+0.634%	$21.2M	$110.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2145	+0.037%	$16K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2159	+0.676%	$107K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	−0.070%	$90K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2158	+0.625%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2158	+0.644%	$46.0M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2161	+0.779%	$24.9M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2157	+0.597%	$48.9M	$61.4M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2158	+0.616%	—	$32.6M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2147	+0.107%	$382K	$412K	5x	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2144	long leg	$3.9M	$10.1M	—
edgeX ENAUSDC	+0.0100%	4h	0.2144	−0.013%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2155	+0.490%	$363K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2146	+0.070%	$33K	$688K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2159	+0.667%	$186K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2108	−1.711%	$1K	$832K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2158	+0.630%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2160	+0.728%	$280K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2158	+0.630%	$2.0M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2157	+0.582%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2159	+0.661%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2147	+0.135%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2160	+0.737%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0231%	1h	0.2160	+0.727%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0320%	1h	0.2158	+0.621%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0334% / S −0.0430%	1h	0.2158	+0.649%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2146	+0.065%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2158	+0.621%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2150	+0.252%	$852K	$1.8M	50x	as long as short
Lighter ENA	+0.0704%	1h	0.2160	+0.700%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0771%	1h	0.2162	+0.802%	$116.8M	$74.1M	10x	as long as short