Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.058%

Price spread now: 01 Exchange against HTX−0.052%7-day average — · you buy dearer than you sell

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

Long on HTX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.052% cheaper against HTX than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ENA-USDT	0.2127	0.0100	pay 0.0050% / 4h	18m 29s	$276K	$1.4M	50x
Short	01 Exchange ENAUSD	0.2126	0.0192	get 0.0024% / 1h	18m 29s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.052%Rate

Funding earned: $19.32
Price spread: −0.052% → 0.000%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$4.85
Costs to cover: 0.190%
Break-even: 8.8 days

Slippage unknown: HTX: live order book, just now; 01 Exchange: 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, just now	18.31 bp	29.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0005%	4h	0.2124	−0.122%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2126	−0.042%	$93K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2125	−0.112%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.165%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0044%	1h	0.2126	−0.028%	$377K	$446K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	−0.136%	$61K	$523K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2124	−0.127%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2125	−0.095%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2125	−0.093%	$411K	$561K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2125	−0.108%	$131.3M	$451.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2124	−0.118%	$89.2M	$189.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2125	−0.099%	$20.6M	$111.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	−0.381%	$15K	$394K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	−0.089%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2121	−0.277%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2124	−0.118%	$10.9M	$21.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2124	−0.118%	$46.5M	$45.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2125	−0.075%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2123	−0.183%	$48.1M	$63.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2124	−0.122%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2120	−0.312%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.527%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.454%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2117	−0.465%	$34K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2125	−0.103%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2074	−2.492%	$1K	$826K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2125	−0.089%	$4K	$11K	10x	as long as short
HTX ENA-USDTlong	+0.0100%	4h	0.2127	long leg	$276K	$1.4M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2125	−0.089%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2124	−0.126%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2126	−0.057%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.414%	$7K	$347K	10x	as long as short
01 Exchange ENAUSDshort	+0.0192%	1h	0.2126	−0.052%	$4K	$302	10x
Extended ENA-USD	+0.0208%	1h	0.2124	−0.148%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2126	−0.061%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2124	−0.131%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2125	−0.094%	$5.6M	$6.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2124	−0.151%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2127	+0.019%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2120	−0.339%	$837K	$2.0M	50x	as long as short
Hyperliquid ENA	+0.0758%	1h	0.2128	+0.038%	$114.6M	$78.3M	10x	as long as short
dYdX ENA-USD	+0.1498%	1h	0.2125	−0.111%	$140K	$15K	5x	as long as short