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: BingX against HTX−0.071%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$680.683% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.071%, 7d avg −0.111%

Together, before fees−0.020%−$2 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: BingX is 0.040% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2116	0.0100	pay 0.0050% / 4h	1h 11m	$276K	$780K	50x
Short	BingX ENA-USDT	0.2114	0.0100	get 0.0050% / 4h	1h 11m	—	$32.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.111%: $4.01
Slippage, 4 orders: −$46.25
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$64.25
Costs to cover: 0.683%
Break-even: never at this rate

Slippage from HTX: live order book, 12 min ago; BingX: live order book, 7 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, 12 min ago	11.52 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.94 bp	6.0 bp −$6	7.4 bp −$74	13.7 bp −$1,366	30.6 bp −$15.3K

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	−0.0034%	4h	0.2114	−0.090%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	0.0000%	1h	0.2113	−0.123%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	−0.028%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2114	−0.072%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.350%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	−0.189%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	−0.143%	$663K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2115	−0.043%	$113.9M	$71.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	−0.159%	$1.5M	$3.0M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2114	−0.104%	$413K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.043%	$129.6M	$417.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	−0.043%	$86.5M	$175.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2115	−0.024%	$20.8M	$102.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.213%	$19K	$349K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2113	−0.142%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.189%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	−0.090%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	−0.024%	$46.0M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	−0.104%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.095%	$48.1M	$57.5M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2114	−0.071%	—	$32.2M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2109	−0.317%	$374K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2124	+0.361%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2119	+0.124%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2119	+0.142%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.142%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	−0.132%	$188K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−2.557%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2114	−0.095%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2116	long leg	$276K	$780K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2116	0.000%	$1.9M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.171%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2115	−0.071%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	−0.092%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.132%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2115	−0.061%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2116	+0.006%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0312%	1h	0.2117	+0.028%	$5.3M	$13.9M	10x	as long as short
dYdX ENA-USD	+0.0331%	1h	0.2113	−0.152%	$140K	$15K	5x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	−0.052%	$5.6M	$3.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.159%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2116	−0.019%	$833K	$1.5M	50x	as long as short