Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo+0.172%53s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.437%+$44 on $10k

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 +$7 a day on $10k at the current rate, and BloFin is 0.172% dearer against Aevo than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ENA-PERP	0.2097	0.0104	pay 0.0013% / 1h	22m 21s	$73K	$4K	3x
Short	BloFin ENA-USDT	0.2101	0.0340	get 0.0170% / 4h	3h 22m	$5.5M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.172%Rate

Funding earned: $49.56
Price spread: +0.172% → 0.000%: $17.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $38.72
Costs to cover: 0.280%
Break-even: 1.5 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 11 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 11 min ago	4.28 bp	12.4 bp −$12	22.9 bp −$229	70.2 bp −$7,021	doesn't fit

Aevo: 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	−0.0115%	4h	0.2097	−0.014%	$44K	$26K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0114%	1h	0.2102	+0.210%	$358K	$402K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	+0.210%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2098	+0.041%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2095	−0.114%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.235%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2095	−0.119%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2095	−0.113%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2097	−0.002%	$652K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2099	+0.055%	$1.4M	$3.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2096	−0.058%	$399K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2097	−0.002%	$127.2M	$413.4M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2097	−0.010%	$84.8M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	+0.029%	$20.9M	$103.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	+0.234%	$22K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2096	−0.072%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	+0.117%	$92K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2098	+0.014%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2098	+0.024%	$45.4M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2098	+0.029%	$24.8M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2096	−0.072%	$47.6M	$57.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2098	+0.033%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+0.108%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.230%	$241K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2102	+0.194%	$348K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	+0.215%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2098	+0.024%	$190K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2050	−2.246%	$987	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2101	+0.167%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2103	+0.281%	$272K	$790K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2101	+0.167%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2095	−0.132%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERPlong	+0.0104%	1h	0.2097	long leg	$73K	$4K	3x
Phoenix ENA	+0.0113%	1h	0.2102	+0.238%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2101	+0.185%	$2.6M	$4.3M	50x	as long as short
Hyperliquid ENA	+0.0174%	1h	0.2100	+0.110%	$114.0M	$74.0M	10x	as long as short
Lighter ENA	+0.0176%	1h	0.2098	+0.010%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0305% / S −0.0358%	1h	0.2098	+0.018%	$70K	—	100x	as long as short
BloFin ENA-USDTshort	+0.0340%	4h	0.2101	+0.172%	$5.5M	$3.0M	75x
Reya ENARUSDPERP	+0.0412%	1h	0.2097	−0.012%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2107	+0.458%	$862K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1131%	1h	0.2097	−0.034%	$139K	$15K	5x	as long as short