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 +0.003%

Price spread now: HTX against Bybit+0.610%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$840.836% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.610%, 7d avg +0.135%

Together, before fees−0.050%−$5 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: HTX is 0.475% dearer against Bybit than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2116	0.0100	pay 0.0050% / 4h	12m 31s	$85.3M	$175.6M	50x
Short	HTX ENA-USDT	0.2129	0.0100	get 0.0050% / 4h	12m 31s	$275K	$796K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.610%Rate

Funding earned: $0
Price spread: +0.610% → +0.135%: $47.5
Slippage, 4 orders: −$60.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$36.1
Costs to cover: 0.836%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 6 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 Bybit live order book, 2 min ago	0.24 bp	9.6 bp −$10	16.9 bp −$169	60.6 bp −$6,057	doesn't fit
Sell HTX live order book, 6 min ago	25.21 bp	33.3 bp −$33	doesn't fit	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
Backpack ENA_USDC_PERP	−0.0126%	1h	0.2120	+0.232%	$363K	$401K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0073%	4h	0.2122	+0.298%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2117	+0.047%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2121	+0.265%	$74K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2123	+0.341%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.369%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2118	+0.109%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.028%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2116	+0.034%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.045%	$660K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2117	+0.087%	$1.5M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2117	+0.064%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.009%	$128.9M	$416.7M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2116	long leg	$85.3M	$175.6M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	+0.057%	$21.1M	$104.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.123%	$18K	$325K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.066%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2116	+0.010%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2117	+0.057%	$11.1M	$22.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+0.052%	$46.2M	$41.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2118	+0.118%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	−0.024%	$48.0M	$57.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2117	+0.066%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.048%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−0.024%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2116	+0.019%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2115	−0.028%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.175%	$179K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2070	−2.174%	$1K	$849K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2119	+0.161%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2129	+0.610%	$275K	$796K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2120	+0.208%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	+0.010%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2121	+0.253%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0144%	1h	0.2120	+0.199%	$115.5M	$75.1M	10x	as long as short
Lighter ENA	+0.0168%	1h	0.2119	+0.161%	$5.2M	$13.5M	10x	as long as short
dYdX ENA-USD	+0.0168%	1h	0.2119	+0.142%	$140K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2122	+0.282%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2122	+0.287%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2121	+0.236%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	+0.083%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2128	+0.591%	$870K	$1.7M	50x	as long as short