Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against HTX−0.259%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$900.905% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.259%, 7d avg −0.088%

Together, before fees+0.151%+$15 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: Binance is 0.170% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2132	0.0100	pay 0.0050% / 4h	2h 00m	$278K	$803K	50x
Short	Binance ENAUSDT	0.2126	0.0100	get 0.0050% / 4h	2h 00m	$130.8M	$430.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.259%Rate

Funding earned: $0
Price spread: −0.259% → −0.088%: −$17.04
Slippage, 4 orders: −$68.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.54
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from HTX: live order book, 28 min ago; Binance: 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, 28 min ago	18.62 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.24 bp	10.4 bp −$10	16.1 bp −$161	50.0 bp −$4,997	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2130	−0.075%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	−0.107%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2127	−0.226%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2129	−0.145%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.394%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2128	−0.178%	$54K	$506K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2128	−0.188%	$684K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	−0.094%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	−0.240%	$415K	$530K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2126	−0.259%	$130.8M	$430.5M	75x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2126	−0.272%	$87.0M	$179.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	−0.277%	$20.9M	$104.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.746%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	−0.131%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−1.046%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2128	−0.192%	$11.1M	$22.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2126	−0.263%	$45.6M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2128	−0.188%	$24.7M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	−0.286%	$48.4M	$59.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2127	−0.220%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2131	−0.056%	$384K	$369K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	−0.151%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	−0.420%	$248K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	−0.357%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	−0.319%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2129	−0.145%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2078	−2.524%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2130	−0.084%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2132	long leg	$278K	$803K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2130	−0.084%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	−0.289%	$48K	$110	10x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2129	−0.155%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	−0.055%	$75K	$4K	3x	as long as short
Extended ENA-USD	+0.0152%	1h	0.2128	−0.195%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.722%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2131	−0.052%	$2.7M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2130	−0.101%	$51K	—	100x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2128	−0.181%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0440%	1h	0.2129	−0.122%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0460%	1h	0.2129	−0.131%	$114.5M	$71.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2132	+0.023%	$838K	$1.6M	50x	as long as short