Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against edgeX+0.107%82s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.621% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.107%, 7d avg +0.007%

Together, before fees−0.064%+ Points / potential airdropedgeX: Active · farm board−$6 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: Gate is 0.100% dearer against edgeX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2095	0.0100	pay 0.0050% / 4h	22m 00s	$252K	$7.1M	20x
Short	Gate ENA_USDT	0.2097	0.0100	get 0.0050% / 4h	22m 00s	$12.7M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.007%: $10.04
Slippage, 4 orders: −$38.08
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.04
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Gate: 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 edgeX live order book, 2 min ago	9.56 bp	14.1 bp −$14	15.6 bp −$156	46.8 bp −$4,678	doesn't fit
Sell Gate live order book, 2 min ago	3.10 bp	17.8 bp −$18	34.8 bp −$348	53.2 bp −$5,321	89.6 bp −$44.8K

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	−0.0091%	4h	0.2096	+0.059%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2098	+0.141%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2097	+0.114%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2097	+0.112%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.358%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2099	+0.203%	$5.0M	$13.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2097	+0.098%	$52K	$484K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2098	+0.147%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	+0.119%	$560K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2100	+0.222%	$113.8M	$74.7M	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	0.2099	+0.182%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2099	+0.202%	$405K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2098	+0.155%	$127.8M	$425.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2097	+0.088%	$90.1M	$187.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2099	+0.174%	$21.0M	$106.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.093%	$38K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2098	+0.145%	$78K	$283K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	−0.002%	$91K	$511	10x	as long as short
Gate ENA_USDTshort	+0.0100%	4h	0.2097	+0.107%	$12.7M	$27.2M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2098	+0.145%	$39.0M	$43.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	+0.155%	$24.7M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2097	+0.074%	$47.6M	$59.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2097	+0.093%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2099	+0.174%	$406K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2093	−0.109%	$3.0M	$9.9M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2095	long leg	$252K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	+0.002%	$351K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2094	−0.046%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2097	+0.121%	$180K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2047	−2.284%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	+0.098%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+0.336%	$265K	$814K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2096	+0.050%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2097	+0.102%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	+0.080%	$73K	$4K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0150%	1h	0.2098	+0.164%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2094	−0.027%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2097	+0.108%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2101	+0.269%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2096	+0.048%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2098	+0.141%	$867K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1062%	1h	0.2098	+0.164%	$139K	$16K	5x	as long as short