Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX−0.606%7-day average −0.079% · 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−$144as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now −0.606%, 7d avg −0.079%

Together, before fees−0.214%+ Points / potential airdropPacifica: Active · farm board−$21 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: Pacifica is 0.526% cheaper against HTX than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2152	0.0100	pay 0.0050% / 4h	3h 03m	$266K	$812K	50x
Short	Pacifica ENA	0.2138	0.0100	get 0.0013% / 1h	3m 02s	$408K	$549K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.606%Rate

Funding earned: $0
Price spread: −0.606% → −0.079%: −$52.63
Slippage, 4 orders: −$71.09
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$143.71
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from HTX: live order book, 56 min ago; Pacifica: live order book, 31 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, 56 min ago	13.84 bp	40.5 bp −$40	294.0 bp −$2,940	doesn't fit	doesn't fit
Sell Pacifica live order book, 31 min ago	1.88 bp	11.3 bp −$11	doesn't fit	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	−0.0105%	4h	0.2135	−0.767%	$44K	$15K	10x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2137	−0.665%	$4K	$169	10x	as long as short
Phemex ENAUSDT	−0.0041%	4h	0.2144	−0.349%	$1.9M	$9.0M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2147	−0.232%	$91K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2137	−0.688%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	−1.376%	$734	$57K	5.5x	as long as short
Bitget ENAUSDT	+0.0046%	4h	0.2141	−0.479%	$48.3M	$59.8M	75x	as long as short
dYdX ENA-USD	+0.0089%	1h	0.2138	−0.644%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2145	−0.293%	$5.0M	$13.2M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2136	−0.720%	$54K	$485K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0099%	8h	0.2138	−0.632%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2136	−0.702%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2146	−0.260%	$117.4M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2144	−0.337%	$1.4M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2138	−0.606%	$408K	$549K	10x
Binance ENAUSDT	+0.0100%	4h	0.2144	−0.363%	$129.5M	$422.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2143	−0.381%	$87.9M	$191.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2144	−0.363%	$21.2M	$106.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2134	−0.837%	$39K	$329K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2137	−0.674%	$79K	$247K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2144	−0.339%	$13.5M	$28.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2142	−0.418%	$42.2M	$44.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2144	−0.335%	$25.2M	$15.9M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2144	−0.353%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2145	−0.325%	$415K	$476K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2135	−0.767%	$3.1M	$8.8M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2136	−0.698%	$252K	$7.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2135	−0.751%	$358K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2137	−0.674%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2139	−0.590%	$176K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2086	−3.030%	$1K	$920K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2144	−0.349%	$4K	$6K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2152	long leg	$266K	$812K	50x
Bulk ENA-USD	+0.0100%	1h	0.2133	−0.837%	$104K	$12K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2142	−0.456%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2140	−0.551%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2138	−0.632%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0194%	1h	0.2146	−0.265%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0756%	1h	0.2144	−0.329%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2143	−0.414%	$5.6M	$3.5M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2136	−0.711%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2150	−0.084%	$793K	$2.0M	50x	as long as short