Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni+0.097%7-day average −0.009% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.097%, 7d avg −0.009%

Together, before fees−0.083%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: BingX is 0.106% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2128	0.0100	pay 0.0050% / 4h	5m 55s	$3.7M	$9.9M	—
Short	BingX ENA-USDC	0.2130	0.0100	get 0.0050% / 4h	5m 55s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.009%: $10.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: 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 Variational Omni RFQ quote, 3 min ago	4.69 bp	doesn't fit	18.8 bp −$188	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.70 bp	10.0 bp −$10	27.8 bp −$278	73.3 bp −$7,325	483.0 bp −$241.5K

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	−0.0263%	1h	0.2132	+0.163%	$368K	$493K	5x	as long as short
Injective ENA/USDC PERP	−0.0223%	1h	0.2123	−0.237%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	−0.0222%	1h	0.2133	+0.235%	$2.7M	$6.1M	50x	as long as short
Orderly PERP_ENA_USDC	−0.0139%	4h	0.2132	+0.144%	$42K	$22K	10x	as long as short
01 Exchange ENAUSD	−0.0032%	1h	0.2132	+0.191%	$4K	$432	10x	as long as short
Phemex ENAUSDT	−0.0027%	4h	0.2131	+0.120%	$1.9M	$9.4M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2133	+0.195%	$95K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2133	+0.205%	$99K	—	150x	as long as short
Phoenix ENA	+0.0076%	1h	0.2132	+0.177%	$6K	$392K	10x	as long as short
Bitget ENAUSDT	+0.0080%	4h	0.2129	+0.045%	$48.6M	$67.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.0096%	1h	0.2131	+0.120%	$59K	$564K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2131	+0.121%	$48K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.085%	$654K	$1.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2132	+0.173%	$1.6M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2132	+0.175%	$409K	$618K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2130	+0.096%	$131.7M	$476.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2130	+0.078%	$90.4M	$198.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2130	+0.097%	$20.4M	$120.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	−0.054%	$19K	$470K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2132	+0.167%	$85K	$216K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2130	+0.083%	$10.6M	$23.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2131	+0.102%	$45.6M	$53.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2132	+0.158%	$23.7M	$16.9M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2130	+0.097%	—	$6.5M	—
Variational Omni ENAlong	+0.0100%	4h	0.2128	long leg	$3.7M	$9.9M	—
edgeX ENAUSDC	+0.0100%	4h	0.2130	+0.080%	$255K	$8.1M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	+0.033%	$359K	$4.5M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2132	+0.167%	$32K	$719K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2133	+0.210%	$194K	$3.2M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2081	−2.234%	$1K	$787K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	+0.120%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2135	+0.299%	$276K	$1.7M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2127	−0.068%	$89K	$1K	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2130	+0.085%	$1.7M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2132	+0.191%	$78K	$11K	3x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0174% / S −0.0245%	1h	0.2133	+0.216%	$38K	—	100x	as long as short
Hyperliquid ENA	+0.0204%	1h	0.2134	+0.261%	$113.7M	$79.4M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+0.167%	$5.7M	$8.4M	75x	as long as short
Lighter ENA	+0.0400%	1h	0.2135	+0.289%	$5.9M	$13.9M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2131	+0.102%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2134	+0.271%	$816K	$2.4M	50x	as long as short
dYdX ENA-USD	+0.5942%	1h	0.2135	+0.308%	$141K	$12K	5x	as long as short