Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against BingX−0.141%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: 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: Extended is 0.141% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDT	0.2102	0.0100	pay 0.0050% / 4h	1h 04m	—	$31.6M	—
Short	Extended ENA-USD	0.2099	0.0104	get 0.0013% / 1h	4m 32s	$1.6M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0.84
Price spread: −0.141% → 0.000%: −$14.08
Slippage, 4 orders: −$8.78
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.02
Costs to cover: 0.238%
Break-even: 315.5 days

Slippage from BingX: live order book, 4 min ago; Extended: live order book, 4 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 BingX live order book, 4 min ago	0.95 bp	6.5 bp −$6	7.6 bp −$76	8.9 bp −$892	25.0 bp −$12.5K
Sell Extended live order book, 4 min ago	0.24 bp	6.0 bp −$6	12.6 bp −$126	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
Orderly PERP_ENA_USDC	−0.0099%	4h	0.2107	+0.238%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	+0.262%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2100	−0.053%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2100	−0.067%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.042%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−0.119%	$54K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	−0.056%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2098	−0.161%	$556K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2101	−0.029%	$113.5M	$75.5M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2101	−0.017%	$1.4M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2102	+0.010%	$398K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	−0.033%	$127.2M	$426.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2098	−0.148%	$90.1M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2100	−0.052%	$21.0M	$106.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	+0.438%	$33K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	−0.071%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.972%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2101	−0.033%	$12.5M	$26.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	−0.062%	$37.8M	$43.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	−0.033%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2098	−0.167%	$47.5M	$59.7M	75x	as long as short
BingX ENA-USDTlong	+0.0100%	4h	0.2102	long leg	—	$31.6M	—
Variational Omni ENA	+0.0100%	4h	0.2113	+0.542%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.536%	$257K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	+0.452%	$351K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.547%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	−0.052%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.108%	$1K	$902K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2105	+0.167%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2113	+0.547%	$265K	$818K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2106	+0.214%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USDshort	+0.0104%	1h	0.2099	−0.141%	$1.6M	$4.3M	50x
Aevo ENA-PERP	+0.0104%	1h	0.2107	+0.261%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2112	+0.504%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0144%	1h	0.2104	+0.119%	$5.0M	$13.7M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0222%	1h	0.2104	+0.143%	$390K	$437K	5x	as long as short
dYdX ENA-USD	+0.0249%	1h	0.2101	−0.042%	$139K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0753%	1h	0.2101	−0.036%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	+0.200%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	−0.141%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0448%	1h	0.2107	+0.257%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+1.618%	$881K	$1.8M	50x	as long as short