Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against SoDEX+0.019%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2124	0.0100	pay 0.0013% / 1h	34m 44s	$4K	$10K	10x
Short	HTX ENA-USDT	0.2124	0.0100	get 0.0050% / 4h	2h 34m	$275K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → 0.000%: $1.88
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 4 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	23.93 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2122	−0.090%	$107K	—	150x	as long as short
dYdX ENA-USD	+0.0020%	1h	0.2128	+0.184%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.028%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0040%	4h	0.2124	−0.019%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2116	−0.372%	$4K	$302	10x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0080%	1h	0.2124	+0.005%	$79K	$1.6M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	−0.424%	$56K	$526K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	−0.428%	$688K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2128	+0.188%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2131	+0.311%	$417K	$548K	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	0.2130	+0.282%	$132.1M	$446.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2130	+0.282%	$87.4M	$188.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	+0.377%	$21.1M	$109.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	−1.017%	$19K	$406K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	+0.377%	$116K	$255K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−0.882%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2131	+0.315%	$11.0M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2132	+0.363%	$45.4M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2132	+0.353%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	+0.306%	$48.5M	$61.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2132	+0.391%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2130	+0.264%	$368K	$378K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.493%	$3.7M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2104	−0.924%	$241K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	−0.746%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.847%	$32K	$667K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2117	−0.311%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2073	−2.406%	$1K	$850K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2124	long leg	$4K	$10K	10x
HTX ENA-USDTshort	+0.0100%	4h	0.2124	+0.019%	$275K	$1.0M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2126	+0.094%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2130	+0.302%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2124	−0.024%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2107	−0.800%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0251%	1h	0.2128	+0.182%	$2.7M	$4.6M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2122	−0.118%	$50K	—	100x	as long as short
Extended ENA-USD	+0.0256%	1h	0.2132	+0.398%	$1.6M	$4.2M	50x	as long as short
Lighter ENA	+0.0296%	1h	0.2133	+0.405%	$5.5M	$13.6M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.395%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2117	−0.345%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0518%	1h	0.2134	+0.452%	$115.2M	$72.8M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−0.621%	$827K	$1.7M	50x	as long as short