Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against HTX−0.593%7-day average −0.038% · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.271%−$27 · spread now −0.593%, 7d avg −0.038%

Together, before fees−0.280%+ Points / potential airdropOndo Perps: Active · farm board−$28 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: Ondo Perps is 0.555% cheaper against HTX than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2107	0.0100	pay 0.0050% / 4h	1h 04m	$272K	$785K	50x
Short	Ondo Perps ENA-USD.P	0.2095	0.0100	get 0.0013% / 1h	4m 20s	$19K	$321K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.593%Rate

Funding earned: $0
Price spread: −0.593% → −0.038%: −$55.51
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$72.51
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 19 min ago; Ondo Perps: 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 HTX live order book, 19 min ago	11.52 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0041%	4h	0.2106	−0.081%	$44K	$25K	10x	as long as short
01 Exchange ENAUSD	−0.0008%	1h	0.2106	−0.066%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	−0.033%	$78K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2106	−0.048%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.764%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2105	−0.109%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	−0.050%	$661K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2108	+0.043%	$113.7M	$71.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2106	−0.054%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2106	−0.048%	$411K	$501K	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	0.2106	−0.043%	$128.8M	$415.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2106	−0.076%	$85.7M	$175.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2106	−0.052%	$20.8M	$102.1M	50x	as long as short
Ondo Perps ENA-USD.Pshort	+0.0100%	1h	0.2095	−0.593%	$19K	$321K	5x
Arcus ENA-USD	+0.0100%	1h	0.2106	−0.062%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2102	−0.252%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	−0.038%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2106	−0.057%	$45.6M	$42.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2106	−0.043%	$24.6M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	−0.119%	$47.9M	$57.3M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2106	−0.047%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2104	−0.180%	$372K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	−0.482%	$3.3M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2100	−0.353%	$243K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.033%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2108	+0.033%	$22K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2106	−0.047%	$180K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2054	−2.534%	$995	$839K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	−0.062%	$4K	$7K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2107	long leg	$272K	$785K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.081%	$1.8M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2105	−0.123%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2105	−0.101%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	−0.038%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2100	−0.346%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2107	−0.022%	$51K	—	100x	as long as short
Lighter ENA	+0.0272%	1h	0.2108	+0.038%	$5.3M	$14.0M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0286%	1h	0.2108	+0.040%	$2.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2097	−0.498%	$5.6M	$3.0M	75x	as long as short
dYdX ENA-USD	+0.0373%	1h	0.2103	−0.217%	$139K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	−0.074%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2107	−0.024%	$858K	$1.5M	50x	as long as short