Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against Binance−0.005%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.005%, 7d avg −0.012%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2132	0.0100	pay 0.0050% / 4h	6m 13s	$131.8M	$476.7M	75x
Short	Gate ENA_USDT	0.2132	0.0100	get 0.0050% / 4h	6m 13s	$10.6M	$23.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.012%: $0.78
Slippage, 4 orders: −$24.32
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.54
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Gate: live order book, 2 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 Binance live order book, 12 min ago	0.23 bp	6.7 bp −$7	14.1 bp −$141	54.0 bp −$5,400	doesn't fit
Sell Gate live order book, 2 min ago	3.05 bp	16.2 bp −$16	38.1 bp −$381	55.9 bp −$5,587	93.0 bp −$46.5K

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	−0.0263%	1h	0.2134	+0.127%	$368K	$493K	5x	as long as short
Injective ENA/USDC PERP	−0.0223%	1h	0.2123	−0.389%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	−0.0222%	1h	0.2133	+0.082%	$2.7M	$6.1M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0139%	4h	0.2132	−0.009%	$42K	$22K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2132	+0.038%	$4K	$432	10x	as long as short
Phemex ENAUSDT	−0.0027%	4h	0.2131	−0.033%	$1.9M	$9.4M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2133	+0.042%	$95K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2133	+0.052%	$99K	—	150x	as long as short
Phoenix ENA	+0.0076%	1h	0.2132	+0.023%	$6K	$392K	10x	as long as short
Bitget ENAUSDT	+0.0080%	4h	0.2130	−0.066%	$48.6M	$66.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2131	−0.033%	$59K	$564K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2131	−0.033%	$48K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	−0.068%	$654K	$1.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2133	+0.057%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2132	+0.022%	$409K	$618K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2132	long leg	$131.8M	$476.7M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2131	−0.028%	$90.4M	$198.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	0.000%	$20.4M	$120.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	−0.206%	$19K	$470K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	+0.014%	$85K	$216K	10x	as long as short
Gate ENA_USDTshort	+0.0100%	4h	0.2132	−0.005%	$10.6M	$23.6M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2132	−0.009%	$45.6M	$53.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2133	+0.075%	$23.7M	$16.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2132	+0.005%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2128	−0.153%	$3.7M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2130	−0.073%	$255K	$8.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	−0.120%	$359K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2132	+0.014%	$32K	$719K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2133	+0.056%	$194K	$3.2M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2081	−2.383%	$1K	$787K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	−0.033%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.145%	$276K	$1.7M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.220%	$89K	$1K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2131	−0.024%	$1.7M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	+0.038%	$78K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0174% / S −0.0245%	1h	0.2133	+0.062%	$38K	—	100x	as long as short
Hyperliquid ENA	+0.0202%	1h	0.2135	+0.159%	$113.8M	$79.4M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.014%	$5.7M	$8.4M	75x	as long as short
Lighter ENA	+0.0400%	1h	0.2135	+0.141%	$5.9M	$13.9M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2131	−0.051%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2134	+0.117%	$816K	$2.4M	50x	as long as short
dYdX ENA-USD	+0.5942%	1h	0.2135	+0.155%	$141K	$12K	5x	as long as short