Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.058%

Price spread now: BingX against 01 Exchange+0.005%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BingX

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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ENAUSD	0.2127	0.0200	pay 0.0025% / 1h	9m 06s	$4K	$302	10x
Short	BingX ENA-USDT	0.2127	0.0100	get 0.0050% / 4h	9m 06s	—	$32.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$21
Price spread: +0.005% → 0.000%: $0.47
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$37.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	0.94 bp	6.4 bp −$6	7.9 bp −$79	13.4 bp −$1,341	29.7 bp −$14.8K

01 Exchange: 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	0.2128	+0.019%	$95K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2127	−0.014%	$97K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0006%	4h	0.2126	−0.056%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.188%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0052%	1h	0.2128	+0.047%	$377K	$444K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2126	−0.066%	$62K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2125	−0.089%	$680K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2127	−0.005%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2126	−0.075%	$411K	$559K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2127	−0.005%	$131.8M	$450.0M	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	0.2127	−0.005%	$89.4M	$189.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2128	+0.024%	$20.7M	$110.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	−0.188%	$15K	$390K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2127	−0.019%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	−0.070%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	−0.038%	$10.8M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	−0.019%	$46.5M	$45.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2128	+0.028%	$24.6M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	−0.042%	$48.2M	$63.4M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2127	+0.005%	—	$32.7M	—
Variational Omni ENA	+0.0100%	4h	0.2121	−0.304%	$3.9M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2128	+0.008%	$246K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2121	−0.280%	$362K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	+0.075%	$34K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2127	−0.019%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2075	−2.444%	$1K	$827K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2127	−0.019%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.329%	$277K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	−0.019%	$1.9M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	−0.070%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2127	−0.010%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2129	+0.056%	$7K	$347K	10x	as long as short
01 Exchange ENAUSDlong	+0.0200%	1h	0.2127	long leg	$4K	$302	10x
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2128	+0.036%	$2.7M	$5.2M	50x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2127	−0.012%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2127	−0.023%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.009%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2127	−0.031%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2126	−0.071%	$839K	$1.9M	50x	as long as short
Lighter ENA	+0.0560%	1h	0.2130	+0.122%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0754%	1h	0.2131	+0.169%	$114.9M	$78.3M	10x	as long as short
dYdX ENA-USD	+0.1229%	1h	0.2126	−0.071%	$140K	$15K	5x	as long as short