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 −0.001%

Price spread now: OKX against edgeX+0.538%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs+$8as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.502%−$50 · spread now +0.538%, 7d avg +0.006%

Together, before fees−0.571%+ Points / potential airdropedgeX: Active · farm board−$57 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: OKX is 0.532% dearer against edgeX than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of +0.006%.

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 23m	$256K	$7.1M	20x
Short	OKX ENA-USDT-SWAP	0.2132	0.0100	get 0.0050% / 4h	1h 23m	$21.3M	$109.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.538%Rate

Funding earned: $0
Price spread: +0.538% → +0.006%: $53.21
Slippage, 4 orders: −$26.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $8.1
Costs to cover: 0.451%
Break-even: from the start

Slippage from edgeX: live order book, 1 min ago; OKX: live order book, 6 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, 1 min ago	7.04 bp	11.5 bp −$12	13.0 bp −$130	43.6 bp −$4,365	doesn't fit
Sell OKX live order book, 6 min ago	0.24 bp	11.7 bp −$12	21.4 bp −$214	91.2 bp −$9,118	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	0.2131	+0.510%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2129	+0.420%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2131	+0.524%	$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	0.2129	+0.411%	$54K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2132	+0.535%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.460%	$564K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2132	+0.562%	$115.4M	$75.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	+0.548%	$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	+0.554%	$404K	$544K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2131	+0.512%	$129.0M	$429.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2130	+0.467%	$91.4M	$187.6M	50x	as long as short
OKX ENA-USDT-SWAPshort	+0.0100%	4h	0.2132	+0.538%	$21.3M	$109.0M	50x
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	0.2129	+0.411%	$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	0.2131	+0.491%	$12.5M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2130	+0.482%	$37.8M	$42.9M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	+0.467%	$25.0M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	+0.463%	$48.3M	$60.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2130	+0.472%	—	$31.7M	—	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 ENAUSDT	+0.0100%	1h	0.2122	+0.081%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	+0.477%	$186K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2081	−1.853%	$1K	$904K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	+0.505%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2130	+0.463%	$267K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2131	+0.505%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2131	+0.482%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	+0.529%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2133	+0.609%	$8K	$276K	10x	as long as short
dYdX ENA-USD	+0.0192%	1h	0.2133	+0.585%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0216%	1h	0.2134	+0.651%	$5.1M	$13.5M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2129	+0.394%	$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	0.2129	+0.414%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0442%	1h	0.2132	+0.549%	$2.6M	$4.4M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0512%	1h	0.2133	+0.581%	$396K	$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