Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni+0.035%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on ApeX Omni 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 3 days (all we have)−0.055%−$6 · spread now +0.035%, 7d avg −0.020%

Together, before fees−0.052%+ Points / potential airdropedgeX: Active · farm board−$5 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: edgeX is 0.055% dearer against ApeX Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2089	0.0100	pay 0.0013% / 1h	46m 00s	$32K	$712K	50x
Short	edgeX ENAUSDC	0.2090	0.0100	get 0.0050% / 4h	1h 46m	$248K	$7.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.020%: $5.54
Slippage, 4 orders: −$51.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$64.89
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; edgeX: live order book, 3 min ago.

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 ApeX Omni live order book, 38 min ago	7.10 bp	16.0 bp −$16	136.9 bp −$1,369	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	14.34 bp	18.8 bp −$19	20.4 bp −$204	51.8 bp −$5,177	doesn't fit

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	−0.0072%	4h	0.2089	−0.019%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0068%	1h	0.2091	+0.096%	$361K	$482K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2089	+0.019%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2088	−0.050%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.647%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2090	+0.066%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0088%	1h	0.2089	0.000%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2088	−0.048%	$59K	$539K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2088	−0.042%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2090	+0.026%	$655K	$1.8M	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	0.2092	+0.124%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2089	−0.005%	$404K	$582K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2093	+0.182%	$128.9M	$461.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2092	+0.153%	$87.0M	$192.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2093	+0.177%	$20.2M	$112.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.014%	$21K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2090	+0.048%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2090	+0.052%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	+0.144%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2091	+0.096%	$44.9M	$46.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2092	+0.158%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2090	+0.053%	$47.3M	$65.4M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2093	+0.196%	—	$32.9M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2088	−0.025%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2090	+0.035%	$248K	$7.8M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2089	0.000%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2089	long leg	$32K	$712K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2089	−0.019%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2038	−2.437%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2090	+0.048%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.574%	$274K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2089	0.000%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2090	+0.034%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2092	+0.144%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0222% / S −0.0367%	1h	0.2088	−0.039%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2091	+0.093%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2087	−0.096%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2088	−0.065%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0472%	1h	0.2093	+0.182%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0522%	1h	0.2093	+0.206%	$110.2M	$79.7M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2092	+0.168%	$800K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1866%	1h	0.2090	+0.035%	$138K	$15K	5x	as long as short