Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.051%

Price spread now: 01 Exchange against Binance+0.019%7-day average — · you sell dearer than you buy

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

Long on Binance Short on 01 Exchange

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2139	0.0100	pay 0.0050% / 4h	3h 03m	$133.7M	$441.6M	75x
Short	01 Exchange ENAUSD	0.2140	0.0160	get 0.0020% / 1h	3m 26s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.019%Rate

Funding earned: $12.6
Price spread: +0.019% → 0.000%: $1.87
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2.53
Costs to cover: 0.170%
Break-even: 8.4 days

Slippage unknown: Binance: live order book, 10 min ago; 01 Exchange: no order-book sample. 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 Binance live order book, 10 min ago	0.23 bp	8.6 bp −$9	17.2 bp −$172	58.1 bp −$5,808	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	0.2148	+0.425%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2139	−0.032%	$92K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2139	−0.009%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.739%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2138	−0.056%	$52K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2138	−0.047%	$716K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2138	−0.060%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2139	−0.007%	$421K	$550K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2139	long leg	$133.7M	$441.6M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2138	−0.042%	$87.8M	$186.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2139	−0.009%	$21.1M	$109.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2153	+0.654%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2140	+0.037%	$106K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2167	+1.300%	$95K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2138	−0.075%	$10.9M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2139	−0.033%	$45.2M	$45.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2139	+0.005%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2138	−0.075%	$48.5M	$61.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2138	−0.056%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2147	+0.365%	$380K	$375K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2153	+0.633%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2166	+1.261%	$252K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2148	+0.413%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2149	+0.458%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2138	−0.037%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2098	−1.935%	$827	$834K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2148	+0.411%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2154	+0.697%	$279K	$1.1M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2148	+0.411%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2138	−0.071%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2139	−0.026%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2157	+0.827%	$8K	$347K	10x	as long as short
01 Exchange ENAUSDshort	+0.0160%	1h	0.2140	+0.019%	$4K	$302	10x
Kraken Futures PF_ENAUSD	+0.0232%	1h	0.2149	+0.477%	$2.7M	$5.1M	50x	as long as short
dYdX ENA-USD	+0.0243%	1h	0.2139	+0.003%	$141K	$15K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0333% / S −0.0430%	1h	0.2138	−0.053%	$81K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2149	+0.477%	$5.7M	$2.0M	75x	as long as short
Extended ENA-USD	+0.0376%	1h	0.2139	−0.021%	$1.6M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2138	−0.033%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2162	+1.066%	$855K	$1.8M	50x	as long as short
Hyperliquid ENA	+0.0750%	1h	0.2142	+0.122%	$115.5M	$74.5M	10x	as long as short
Lighter ENA	+0.0784%	1h	0.2142	+0.136%	$5.7M	$13.6M	10x	as long as short