Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.044%

Price spread now: HTX against 01 Exchange+0.604%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.604% dearer against 01 Exchange than usual: you sell high and buy low: +$60 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ENAUSD	0.2104	0.0048	pay 0.0006% / 1h	38m 31s	$4K	$302	10x
Short	HTX ENA-USDT	0.2117	0.0100	get 0.0050% / 4h	2h 38m	$274K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now +0.604%Rate

Funding earned: $10.92
Price spread: +0.604% → 0.000%: $60.36
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $52.28
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, just now. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, just now	23.93 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2103	−0.052%	$106K	—	150x	as long as short
dYdX ENA-USD	+0.0024%	1h	0.2107	+0.156%	$139K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.927%	$522	$57K	5.5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0034%	1h	0.2110	+0.290%	$79K	$1.6M	50x	as long as short
Orderly PERP_ENA_USDC	+0.0037%	4h	0.2108	+0.185%	$44K	$28K	10x	as long as short
01 Exchange ENAUSDlong	+0.0048%	1h	0.2104	long leg	$4K	$302	10x
Popdex ENAUSDT	+0.0096%	1h	0.2102	−0.090%	$53K	$527K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2105	+0.057%	$677K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2105	+0.042%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2106	+0.109%	$412K	$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	0.2103	−0.060%	$130.4M	$446.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	−0.076%	$85.9M	$188.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2105	+0.052%	$20.9M	$108.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2097	−0.328%	$16K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2103	−0.043%	$114K	$259K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2105	+0.062%	$10.9M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2105	+0.043%	$44.9M	$44.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2104	+0.029%	$24.3M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2104	−0.010%	$47.9M	$61.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2104	−0.019%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2111	+0.328%	$365K	$385K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2102	−0.070%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	+0.361%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.011%	$356K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2111	+0.337%	$32K	$691K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2105	+0.033%	$178K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2059	−2.153%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.290%	$3K	$10K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2117	+0.604%	$274K	$1.0M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2109	+0.242%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	+0.611%	$93K	$4K	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2104	−0.006%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2109	+0.223%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2105	+0.033%	$7K	$351K	10x	as long as short
Lighter ENA	+0.0240%	1h	0.2110	+0.276%	$5.5M	$13.6M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0206%	1h	0.2103	−0.040%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0253%	1h	0.2112	+0.382%	$2.7M	$4.9M	50x	as long as short
Extended ENA-USD	+0.0280%	1h	0.2103	−0.049%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2132	+1.355%	$5.7M	$2.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2105	+0.042%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0459%	1h	0.2108	+0.209%	$113.6M	$72.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	+0.328%	$827K	$1.7M	50x	as long as short