Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against edgeX+0.081%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.081%, 7d avg +0.021%

Together, before fees−0.034%+ Points / potential airdropedgeX: Active · farm board−$3 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: ApeX Omni is 0.060% dearer against edgeX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2120	0.0100	pay 0.0050% / 4h	1h 24m	$256K	$7.1M	20x
Short	ApeX Omni ENAUSDT	0.2122	0.0100	get 0.0013% / 1h	24m 47s	$19K	$645K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.021%: $5.99
Slippage, 4 orders: −$44.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.43
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; ApeX Omni: live order book, 18 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 edgeX live order book, 4 min ago	7.08 bp	11.6 bp −$12	13.1 bp −$131	43.9 bp −$4,388	doesn't fit
Sell ApeX Omni live order book, 18 min ago	7.01 bp	20.2 bp −$20	141.2 bp −$1,412	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	−0.0116%	4h	0.2133	+0.600%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2133	+0.604%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2134	+0.633%	$55K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2132	+0.529%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.147%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2134	+0.647%	$54K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2131	+0.497%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2134	+0.635%	$564K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2129	+0.420%	$115.2M	$75.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2127	+0.326%	$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	0.2132	+0.545%	$404K	$544K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2127	+0.321%	$128.7M	$429.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2126	+0.251%	$91.0M	$187.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2127	+0.335%	$21.3M	$108.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2125	+0.227%	$33K	$331K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2133	+0.600%	$79K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.131%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	+0.302%	$12.4M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	+0.265%	$37.7M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2127	+0.321%	$25.0M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2125	+0.232%	$48.2M	$60.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2127	+0.298%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	+0.429%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2120	long leg	$256K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2122	+0.080%	$350K	$5.1M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2122	+0.081%	$19K	$645K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2135	+0.717%	$186K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2084	−1.730%	$1K	$904K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2133	+0.600%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2143	+1.085%	$268K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2132	+0.552%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2125	+0.210%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2134	+0.626%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2119	−0.084%	$8K	$276K	10x	as long as short
dYdX ENA-USD	+0.0178%	1h	0.2130	+0.478%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0200%	1h	0.2130	+0.434%	$5.1M	$13.5M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2121	+0.055%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2135	+0.670%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2132	+0.534%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0442%	1h	0.2134	+0.663%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0535%	1h	0.2132	+0.557%	$395K	$437K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+0.717%	$881K	$1.8M	50x	as long as short