Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX−0.146%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now −0.146%, 7d avg −0.087%

Together, before fees−0.318%+ Points / potential airdropNado: Active · farm board−$32 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: Nado is 0.059% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2118	0.0100	pay 0.0050% / 4h	16m 23s	$274K	$796K	50x
Short	Nado ENA-PERP	0.2115	0.0100	get 0.0012% / 1h	16m 23s	$658K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.087%: −$5.94
Slippage, 4 orders: −$60.69
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$85.63
Costs to cover: 0.797%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago	25.21 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.71 bp	7.0 bp −$7	17.1 bp −$171	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
Backpack ENA_USDC_PERP	−0.0155%	1h	0.2119	+0.033%	$363K	$398K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0071%	4h	0.2115	−0.109%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0056%	1h	0.2116	−0.066%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2116	−0.080%	$79K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	−0.135%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.264%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2119	+0.057%	$8K	$266K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.132%	$56K	$475K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	−0.157%	$47K	$110	10x	as long as short
Nado ENA-PERPshort	+0.0100%	1h	0.2115	−0.146%	$658K	$1.7M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2116	−0.091%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2116	−0.094%	$404K	$517K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	−0.093%	$128.9M	$416.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	−0.080%	$85.4M	$175.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2117	−0.019%	$20.9M	$103.8M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2117	−0.014%	$18K	$317K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2117	−0.038%	$79K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.061%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2115	−0.137%	$11.1M	$22.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	−0.123%	$46.1M	$41.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	−0.099%	$24.6M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.170%	$48.0M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2115	−0.118%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2118	+0.012%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	−0.017%	$245K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.028%	$350K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.057%	$20K	$649K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.090%	$180K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2065	−2.503%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	−0.085%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2118	long leg	$274K	$796K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.085%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2116	−0.100%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	−0.056%	$74K	$4K	3x	as long as short
Hyperliquid ENA	+0.0110%	1h	0.2119	+0.038%	$115.4M	$75.1M	10x	as long as short
dYdX ENA-USD	+0.0140%	1h	0.2115	−0.118%	$140K	$15K	5x	as long as short
Lighter ENA	+0.0152%	1h	0.2118	+0.014%	$5.2M	$13.5M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0242%	1h	0.2117	−0.036%	$2.6M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2115	−0.110%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	−0.019%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.146%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2127	+0.430%	$869K	$1.7M	50x	as long as short