Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.012%

Price spread now: 01 Exchange against Gate+0.146%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.146% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread 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	Gate ENA_USDT	0.2117	0.0006	pay 0.0003% / 4h	2h 29m	$11.1M	$23.7M	50x
Short	01 Exchange ENAUSD	0.2120	0.0024	get 0.0003% / 1h	29m 22s	$4K	$277	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Gate. 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 GatebpFee 01 ExchangebpOrdersPrice spread, now +0.146%Rate

Funding earned: $3.78
Price spread: +0.146% → 0.000%: $14.64
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$3.58
Costs to cover: 0.220%
Break-even: 13.6 days

Slippage unknown: Gate: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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 Gate live order book, 4 min ago	4.50 bp	17.1 bp −$17	39.0 bp −$390	64.2 bp −$6,424	102.7 bp −$51.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0145%	4h	0.2116	−0.047%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	+0.071%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2117	+0.018%	$82K	—	150x	as long as short
Gate ENA_USDTlong	+0.0006%	4h	0.2117	long leg	$11.1M	$23.7M	50x
01 Exchange ENAUSDshort	+0.0024%	1h	0.2120	+0.146%	$4K	$277	10x
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.298%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	+0.043%	$58K	$467K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	−0.116%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2118	+0.064%	$656K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2120	+0.123%	$115.1M	$74.3M	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	0.2118	+0.036%	$1.4M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	−0.095%	$397K	$525K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2117	+0.007%	$128.4M	$417.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	−0.038%	$85.5M	$175.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	−0.019%	$21.2M	$104.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	−0.014%	$20K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2119	+0.090%	$79K	$276K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+0.019%	$46.9M	$41.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+0.071%	$24.7M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2117	−0.028%	$48.1M	$57.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2117	−0.014%	—	$31.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	−0.287%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	−0.187%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	−0.244%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2114	−0.146%	$20K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2119	+0.076%	$189K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.371%	$1K	$871K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2118	+0.043%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.052%	$267K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2118	+0.043%	$1.8M	$8.9M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2118	+0.043%	$93K	−$0	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	−0.069%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.019%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2115	−0.090%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0162%	1h	0.2119	+0.113%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0200%	1h	0.2117	−0.024%	$5.2M	$13.0M	10x	as long as short
dYdX ENA-USD	+0.0291%	1h	0.2118	+0.038%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0358%	1h	0.2117	+0.009%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.312%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2118	+0.027%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0596%	1h	0.2120	+0.128%	$359K	$400K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2123	+0.283%	$869K	$1.7M	50x	as long as short