Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.010%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

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	Binance ENAUSDT	0.2097	0.0100	pay 0.0050% / 4h	42m 16s	$128.0M	$415.8M	75x
Short	BingX ENA-USDT	0.2097	0.0100	get 0.0050% / 4h	42m 16s	—	$32.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → 0.000%: −$0.95
Slippage, 4 orders: −$7.8
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.76
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; BingX: live order book, 12 min ago.

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 Binance live order book, 1 min ago	0.24 bp	8.4 bp −$8	13.4 bp −$134	52.0 bp −$5,199	doesn't fit
Sell BingX live order book, 12 min ago	0.95 bp	5.9 bp −$6	9.3 bp −$93	14.6 bp −$1,458	35.8 bp −$17.9K

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	−0.0315%	1h	0.2095	−0.095%	$364K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2094	−0.167%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0063%	4h	0.2096	−0.052%	$44K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2097	−0.010%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2097	−0.005%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.259%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	−0.024%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2099	+0.081%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.143%	$55K	$501K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2095	−0.112%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2094	−0.129%	$661K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2097	−0.005%	$111.6M	$73.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2096	−0.024%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2096	−0.055%	$408K	$500K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2097	long leg	$128.0M	$415.8M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2097	−0.014%	$85.1M	$175.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	+0.052%	$20.8M	$102.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.196%	$20K	$311K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	−0.381%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.038%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	−0.029%	$11.0M	$21.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	−0.014%	$45.6M	$41.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2097	+0.019%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2095	−0.076%	$47.8M	$57.4M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2097	−0.010%	—	$32.3M	—
Variational Omni ENA	+0.0100%	4h	0.2097	+0.020%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2093	−0.174%	$241K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−0.095%	$347K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	−0.095%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2096	−0.029%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2046	−2.456%	$901	$844K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2097	0.000%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.110%	$271K	$795K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2097	0.000%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2096	−0.045%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2097	−0.017%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0133%	1h	0.2095	−0.109%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2098	+0.036%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2097	−0.014%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2095	−0.095%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2095	−0.077%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2090	−0.329%	$851K	$1.5M	50x	as long as short