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% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni+0.048%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.645%+$65 · spread now +0.048%, 7d avg +0.040%

Together, before fees+0.648%+$65 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ENAUSDT	0.2095	0.0100	pay 0.0013% / 1h	35m 23s	$20K	$647K	50x
Short	HTX ENA-USDT	0.2096	0.0100	get 0.0050% / 4h	35m 23s	$271K	$794K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.040%: $0.77
Slippage, 4 orders: −$64.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$85.42
Costs to cover: 0.862%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; HTX: live order book, 48 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, 23 min ago	7.12 bp	15.6 bp −$16	133.2 bp −$1,332	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	11.52 bp	23.1 bp −$23	doesn't fit	doesn't fit	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
Backpack ENA_USDC_PERP	−0.0282%	1h	0.2094	−0.067%	$361K	$391K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2096	+0.062%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0067%	4h	0.2096	+0.048%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	+0.091%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2096	+0.071%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.356%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	+0.076%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2097	+0.095%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2096	+0.048%	$55K	$503K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	+0.032%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2096	+0.043%	$647K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2099	+0.196%	$111.6M	$73.2M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2097	+0.099%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2097	+0.100%	$409K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	+0.074%	$127.8M	$415.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2096	+0.048%	$85.1M	$175.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2097	+0.091%	$20.8M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2094	−0.062%	$20K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2098	+0.143%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.133%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	+0.057%	$11.1M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	+0.105%	$45.6M	$41.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.110%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2095	0.000%	$47.7M	$57.4M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2096	+0.053%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2089	−0.273%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2094	−0.067%	$241K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2094	−0.033%	$346K	$5.0M	10x	as long as short
ApeX Omni ENAUSDTlong	+0.0100%	1h	0.2095	long leg	$20K	$647K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+0.110%	$182K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2046	−2.329%	$1K	$844K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2096	+0.048%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2096	+0.048%	$271K	$794K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2090	−0.239%	$1.7M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2096	+0.035%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	+0.053%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0115%	1h	0.2094	−0.066%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2097	+0.085%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2096	+0.047%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2096	+0.062%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	+0.062%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2094	−0.038%	$853K	$1.5M	50x	as long as short