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 +0.002%

Price spread now: OKX against Bybit0.000%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.002%$0 · spread now 0.000%, 7d avg +0.018%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

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	3h 51m	$89.0M	$188.0M	50x
Short	OKX ENA-USDT-SWAP	0.2116	0.0100	get 0.0050% / 4h	3h 51m	$20.6M	$109.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.018%: −$1.79
Slippage, 4 orders: −$11.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.12
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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	8.7 bp −$9	17.8 bp −$178	60.6 bp −$6,063	doesn't fit
Sell OKX live order book, 2 min ago	0.24 bp	9.0 bp −$9	17.2 bp −$172	87.3 bp −$8,730	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	−0.0074%	1h	0.2117	+0.071%	$376K	$419K	5x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2117	+0.074%	$140K	$15K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.052%	$94K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2120	+0.173%	$104K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0017%	4h	0.2116	−0.014%	$41K	$24K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.354%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0052%	4h	0.2118	+0.090%	$10.8M	$20.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	+0.005%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2116	+0.007%	$679K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2118	+0.081%	$1.5M	$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	0.2117	+0.065%	$410K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	+0.023%	$131.3M	$447.8M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2116	long leg	$89.0M	$188.0M	50x
OKX ENA-USDT-SWAPshort	+0.0100%	4h	0.2116	0.000%	$20.6M	$109.7M	50x
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2122	+0.298%	$15K	$394K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	+0.052%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2126	+0.477%	$90K	−$0	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+0.038%	$46.2M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.128%	$24.3M	$16.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2115	−0.019%	$48.1M	$62.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2117	+0.033%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2122	+0.268%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2120	+0.197%	$245K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	+0.180%	$353K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2120	+0.194%	$34K	$714K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.165%	$181K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.127%	$1K	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	+0.005%	$4K	$11K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.345%	$275K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.005%	$2.0M	$9.3M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	+0.051%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	+0.038%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2124	+0.359%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0208%	1h	0.2118	+0.085%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2117	+0.070%	$2.7M	$5.1M	50x	as long as short
Extended ENA-USD	+0.0248%	1h	0.2115	−0.025%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2119	+0.168%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2120	+0.198%	$5.6M	$4.7M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	+0.133%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2121	+0.246%	$838K	$1.9M	50x	as long as short
Lighter ENA	+0.0632%	1h	0.2120	+0.184%	$5.6M	$12.5M	10x	as long as short
Hyperliquid ENA	+0.0650%	1h	0.2119	+0.161%	$114.3M	$76.2M	10x	as long as short