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 0.000%

Price spread now: HTX against edgeX+0.098%77s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$920.917% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.098%, 7d avg +0.070%

Together, before fees+0.190%+ Points / potential airdropedgeX: Active · farm board+$19 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 0.028% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.070%. The two prices were read 77 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	0.2103	0.0100	pay 0.0050% / 4h	56m 05s	$256K	$7.1M	20x
Short	HTX ENA-USDT	0.2105	0.0100	get 0.0050% / 4h	56m 05s	$265K	$824K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.070%: $2.76
Slippage, 4 orders: −$70.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$88.97
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; HTX: live order book, 8 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	7.14 bp	11.6 bp −$12	13.2 bp −$132	44.2 bp −$4,423	doesn't fit
Sell HTX live order book, 8 min ago	7.83 bp	20.9 bp −$21	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
Orderly PERP_ENA_USDC	−0.0099%	4h	0.2098	−0.240%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0040%	1h	0.2100	−0.135%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	−0.169%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2099	−0.178%	$81K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0023%	1h	0.2101	−0.092%	$379K	$458K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.963%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2099	−0.197%	$55K	$480K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	−0.150%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2100	−0.169%	$556K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2102	−0.035%	$113.6M	$75.6M	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	0.2101	−0.115%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2101	−0.109%	$398K	$541K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2101	−0.116%	$127.5M	$426.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2099	−0.173%	$90.2M	$187.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2101	−0.121%	$21.0M	$106.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2105	+0.107%	$33K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2100	−0.150%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2103	+0.017%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2100	−0.140%	$12.5M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	−0.126%	$38.0M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	−0.111%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2099	−0.192%	$47.6M	$59.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2100	−0.159%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.046%	$3.0M	$10.1M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2103	long leg	$256K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	+0.036%	$348K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	+0.136%	$19K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2100	−0.159%	$182K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.555%	$1K	$904K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	−0.150%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2105	+0.098%	$265K	$824K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2101	−0.102%	$1.8M	$8.8M	50x	as long as short
Lighter ENA	+0.0104%	1h	0.2102	−0.040%	$5.0M	$13.6M	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2098	−0.247%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2099	−0.173%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2103	−0.007%	$8K	$273K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2100	−0.137%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2099	−0.177%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2104	+0.036%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2098	−0.254%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2106	+0.136%	$869K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1290%	1h	0.2103	+0.007%	$139K	$16K	5x	as long as short