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 0.000%

Price spread now: BingX against edgeX+0.654%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs+$12as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: 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: BingX is 0.654% dearer against edgeX than usual: you sell high and buy low, +$65 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	edgeX ENAUSDC	0.2113	0.0100	pay 0.0050% / 4h	3h 30m	$246K	$7.5M	20x
Short	BingX ENA-USDC	0.2127	0.0100	get 0.0050% / 4h	3h 30m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.654%Rate

Funding earned: $0
Price spread: +0.654% → 0.000%: $65.38
Slippage, 4 orders: −$34.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $11.82
Costs to cover: 0.536%
Break-even: from the start

Slippage from edgeX: live order book, 3 min ago; BingX: live order book, 5 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, 3 min ago	7.09 bp	11.6 bp −$12	13.1 bp −$131	43.9 bp −$4,394	doesn't fit
Sell BingX live order book, 5 min ago	0.71 bp	16.2 bp −$16	28.7 bp −$287	67.1 bp −$6,709	445.3 bp −$222.7K

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	0.2124	+0.493%	$81K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2124	+0.497%	$97K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0015%	1h	0.2125	+0.573%	$378K	$415K	5x	as long as short
dYdX ENA-USD	+0.0027%	1h	0.2121	+0.343%	$140K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0029%	4h	0.2123	+0.474%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.474%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2123	+0.455%	$63K	$520K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2123	+0.457%	$675K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2126	+0.603%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2123	+0.469%	$411K	$552K	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	0.2127	+0.649%	$132.0M	$443.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2127	+0.644%	$89.5M	$185.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	+0.616%	$20.8M	$109.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	+0.105%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	+0.550%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.147%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	+0.654%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	+0.649%	$46.1M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2127	+0.663%	$24.5M	$16.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	+0.588%	$48.2M	$61.4M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2127	+0.654%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2123	+0.470%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2113	long leg	$246K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2113	−0.029%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.124%	$34K	$687K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2124	+0.526%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−1.873%	$938	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2124	+0.502%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2125	+0.554%	$276K	$1.2M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2124	+0.502%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2123	+0.466%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	+0.488%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2116	+0.114%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2126	+0.588%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0235%	1h	0.2125	+0.541%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	+0.485%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2127	+0.630%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	+0.455%	$5.6M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	+0.503%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2125	+0.545%	$839K	$1.8M	50x	as long as short
Lighter ENA	+0.0672%	1h	0.2127	+0.625%	$5.6M	$12.6M	10x	as long as short
Hyperliquid ENA	+0.0720%	1h	0.2128	+0.682%	$114.8M	$75.4M	10x	as long as short