Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX−0.199%76s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as 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−$1161.159% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.218%−$22 · spread now −0.199%, 7d avg −0.039%

Together, before fees−0.221%−$22 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: ApeX Omni is 0.160% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 76 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	HTX ENA-USDT	0.2111	0.0100	pay 0.0050% / 4h	1h 05m	$274K	$1.5M	50x
Short	ApeX Omni ENAUSDT	0.2107	0.0100	get 0.0013% / 1h	5m 59s	$32K	$712K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.039%: −$16.03
Slippage, 4 orders: −$93.89
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$131.92
Costs to cover: 1.159%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 13 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 HTX live order book, 3 min ago	18.70 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 13 min ago	9.55 bp	22.3 bp −$22	145.6 bp −$1,456	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	−0.0037%	4h	0.2107	−0.180%	$41K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0004%	1h	0.2109	−0.114%	$372K	$447K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2108	−0.152%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2109	−0.124%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.578%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2109	−0.119%	$2.7M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	−0.009%	$62K	$530K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2109	−0.086%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2111	+0.007%	$664K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	−0.047%	$1.5M	$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	0.2110	−0.052%	$408K	$575K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2107	−0.218%	$130.3M	$455.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2107	−0.223%	$87.9M	$190.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2107	−0.185%	$20.4M	$111.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2099	−0.597%	$15K	$397K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2110	−0.057%	$83K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2099	−0.565%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2108	−0.166%	$10.7M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	−0.189%	$46.7M	$47.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	−0.152%	$24.0M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2107	−0.223%	$47.7M	$64.6M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2108	−0.152%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.665%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	−0.631%	$249K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	−0.275%	$358K	$4.6M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2107	−0.199%	$32K	$712K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2112	+0.062%	$178K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2057	−2.581%	$1K	$817K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2107	−0.199%	$4K	$14K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2111	long leg	$274K	$1.5M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2106	−0.246%	$2.0M	$9.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2108	−0.166%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2098	−0.606%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0144%	1h	0.2112	+0.014%	$4K	$312	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0248% / S −0.0429%	1h	0.2108	−0.138%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	−0.043%	$5.5M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2107	−0.200%	$1.6M	$4.1M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2111	−0.009%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0560%	1h	0.2111	−0.019%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2112	+0.052%	$834K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0584%	1h	0.2111	−0.009%	$111.5M	$78.5M	10x	as long as short
dYdX ENA-USD	+0.1982%	1h	0.2109	−0.128%	$139K	$15K	5x	as long as short