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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: BingX against Bitget+0.119%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.105%−$10 · spread now +0.119%, 7d avg +0.041%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.078% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENAUSDT	0.2109	0.0100	pay 0.0050% / 4h	1h 32m	$48.1M	$57.8M	75x
Short	BingX ENA-USDT	0.2111	0.0100	get 0.0050% / 4h	1h 32m	—	$32.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.041%: $7.75
Slippage, 4 orders: −$15.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.4
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 7 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 Bitget live order book, 2 min ago	0.94 bp	10.7 bp −$11	15.7 bp −$157	32.2 bp −$3,224	doesn't fit
Sell BingX live order book, 7 min ago	0.71 bp	7.3 bp −$7	11.1 bp −$111	17.5 bp −$1,754	42.1 bp −$21.1K

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	−0.0005%	4h	0.2110	+0.071%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.109%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2111	+0.119%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2115	+0.275%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.688%	$522	$57K	5.5x	as long as short
dYdX ENA-USD	+0.0093%	1h	0.2115	+0.278%	$140K	$15K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2114	+0.242%	$55K	$497K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2112	+0.126%	$682K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2114	+0.237%	$113.6M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	+0.175%	$1.5M	$3.0M	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	0.2115	+0.282%	$413K	$511K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2112	+0.161%	$129.7M	$420.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2112	+0.152%	$86.6M	$175.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2111	+0.104%	$20.8M	$102.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.417%	$19K	$366K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2114	+0.242%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2115	+0.289%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	+0.114%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	+0.109%	$45.4M	$41.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.156%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2109	long leg	$48.1M	$57.8M	75x
BingX ENA-USDTshort	+0.0100%	4h	0.2111	+0.119%	—	$32.2M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	+0.133%	$374K	$364K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2113	+0.187%	$3.4M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	+0.279%	$244K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	+0.381%	$353K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.337%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+0.270%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2064	−2.115%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2111	+0.100%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.384%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	+0.147%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	+0.271%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2110	+0.038%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.100%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2107	−0.085%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2112	+0.136%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2112	+0.154%	$2.7M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.384%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0384%	1h	0.2113	+0.213%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2111	+0.120%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2118	+0.413%	$833K	$1.5M	50x	as long as short