Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo−0.316%72s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

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 0.316% cheaper against Aevo than usual: you would sell low and buy high, −$32 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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	Aevo ENA-PERP	0.2107	0.0104	pay 0.0013% / 1h	4m 23s	$74K	$4K	3x
Short	edgeX ENAUSDC	0.2100	0.0100	get 0.0050% / 4h	1h 04m	$243K	$7.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now −0.316%Rate

Funding earned: −$0.84
Price spread: −0.316% → 0.000%: −$31.56
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$57.4
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: 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 Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	9.51 bp	14.0 bp −$14	15.5 bp −$155	47.4 bp −$4,737	doesn't fit

Aevo: 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	−0.0041%	4h	0.2106	−0.043%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2106	−0.028%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	+0.005%	$78K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	−0.010%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.802%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2105	−0.071%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.012%	$661K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2108	+0.081%	$113.7M	$71.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2106	−0.016%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2106	−0.010%	$411K	$501K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2106	−0.005%	$128.8M	$415.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.038%	$85.7M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	−0.014%	$20.8M	$102.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	−0.555%	$19K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2106	−0.024%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2102	−0.214%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	0.000%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.019%	$45.6M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	−0.005%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.081%	$47.9M	$57.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2106	−0.009%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2104	−0.142%	$372K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.444%	$3.3M	$9.9M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2100	−0.316%	$243K	$7.0M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.071%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	+0.071%	$22K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	−0.009%	$180K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2054	−2.497%	$995	$839K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	−0.024%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2107	+0.038%	$272K	$785K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.119%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2105	−0.085%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2105	−0.063%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2107	long leg	$74K	$4K	3x
Phoenix ENA	+0.0150%	1h	0.2100	−0.309%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2107	+0.016%	$51K	—	100x	as long as short
Lighter ENA	+0.0272%	1h	0.2108	+0.076%	$5.3M	$14.0M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2108	+0.078%	$2.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.460%	$5.6M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0373%	1h	0.2103	−0.179%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.037%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2107	+0.014%	$858K	$1.5M	50x	as long as short