Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against BingX+0.051%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: 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: Ondo Perps is 0.051% dearer against BingX than usual: you sell high and buy low, +$5 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-USDC	0.2140	0.0100	pay 0.0050% / 4h	3h 28m	—	$6.5M	—
Short	Ondo Perps ENA-USD.P	0.2141	0.0100	get 0.0013% / 1h	28m 15s	$15K	$409K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.14
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.86
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; Ondo Perps: 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 BingX live order book, 7 min ago	0.71 bp	14.2 bp −$14	24.4 bp −$244	72.5 bp −$7,252	527.2 bp −$263.6K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	0.2141	+0.056%	$80K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2141	+0.051%	$98K	—	150x	as long as short
dYdX ENA-USD	+0.0025%	1h	0.2144	+0.202%	$142K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2140	+0.014%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.753%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0058%	1h	0.2140	+0.023%	$380K	$416K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2142	+0.117%	$63K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	+0.129%	$711K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2143	+0.168%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2145	+0.248%	$421K	$549K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2140	+0.019%	$132.8M	$444.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2139	−0.037%	$88.4M	$187.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2139	−0.028%	$21.0M	$110.2M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2141	+0.051%	$15K	$409K	5x
Arcus ENA-USD	+0.0100%	1h	0.2147	+0.351%	$106K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2143	+0.164%	$90K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2139	−0.037%	$10.9M	$20.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2139	−0.019%	$46.0M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2139	−0.005%	$24.6M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2138	−0.056%	$48.5M	$61.6M	75x	as long as short
BingX ENA-USDClong	+0.0100%	4h	0.2140	long leg	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2123	−0.756%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	−0.788%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.741%	$357K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	−1.098%	$34K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2143	+0.173%	$180K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2089	−2.365%	$1K	$830K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2139	−0.023%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2142	+0.112%	$278K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2139	−0.023%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2146	+0.290%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2140	+0.023%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	−1.108%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0216%	1h	0.2143	+0.164%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0233%	1h	0.2140	+0.029%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0272%	1h	0.2139	−0.045%	$1.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0332% / S −0.0206%	1h	0.2140	+0.041%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2141	+0.075%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2140	+0.015%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2143	+0.182%	$848K	$1.8M	50x	as long as short
Lighter ENA	+0.0712%	1h	0.2142	+0.112%	$5.7M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0739%	1h	0.2143	+0.178%	$115.6M	$75.4M	10x	as long as short