Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Binance+0.524%110s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.406% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.586%−$59 · spread now +0.524%, 7d avg −0.025%

Together, before fees−0.570%+ Points / potential airdropedgeX: Active · farm board−$57 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: edgeX is 0.548% dearer against Binance than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 110 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	Binance ENAUSDT	0.2128	0.0100	pay 0.0050% / 4h	3h 33m	$129.1M	$430.6M	75x
Short	edgeX ENAUSDC	0.2139	0.0100	get 0.0050% / 4h	3h 33m	$254K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.524%Rate

Funding earned: $0
Price spread: +0.524% → −0.025%: $54.81
Slippage, 4 orders: −$21.55
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $14.26
Costs to cover: 0.406%
Break-even: from the start

Slippage from Binance: live order book, 10 min ago; edgeX: live order book, 5 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, 10 min ago	0.23 bp	8.8 bp −$9	15.7 bp −$157	59.5 bp −$5,955	doesn't fit
Sell edgeX live order book, 5 min ago	7.02 bp	11.5 bp −$12	13.0 bp −$130	43.7 bp −$4,374	doesn't fit

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	−0.0097%	4h	0.2136	+0.367%	$44K	$16K	10x	as long as short
01 Exchange ENAUSD	−0.0096%	1h	0.2125	−0.146%	$4K	$169	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2138	+0.446%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2129	+0.059%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.226%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2129	+0.019%	$4.9M	$13.0M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2128	−0.009%	$52K	$493K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.144%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2136	+0.363%	$566K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2129	+0.014%	$116.2M	$76.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2128	+0.003%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	−0.052%	$407K	$569K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2128	long leg	$129.1M	$430.6M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2126	−0.089%	$88.4M	$194.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2126	−0.103%	$21.0M	$108.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2129	+0.042%	$28K	$318K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	−0.150%	$79K	$282K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2140	+0.554%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	−0.066%	$13.3M	$27.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	−0.066%	$40.4M	$43.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2127	−0.038%	$25.0M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2123	−0.249%	$48.1M	$61.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2125	−0.164%	—	$31.3M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2131	+0.136%	$3.1M	$9.8M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2139	+0.524%	$254K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2139	+0.518%	$369K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2138	+0.460%	$19K	$645K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	+0.085%	$175K	$2.7M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2082	−2.152%	$1K	$928K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2133	+0.226%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2140	+0.569%	$266K	$838K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2134	+0.273%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2124	−0.195%	$1.6M	$4.6M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2138	+0.445%	$75K	$4K	3x	as long as short
Backpack ENA_USDC_PERP	+0.0111%	1h	0.2135	+0.329%	$415K	$476K	5x	as long as short
dYdX ENA-USD	+0.0118%	1h	0.2128	−0.020%	$141K	$16K	5x	as long as short
Phoenix ENA	+0.0150%	1h	0.2140	+0.573%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2136	+0.350%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0754%	1h	0.2133	+0.241%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	−0.023%	$5.7M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2129	+0.048%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2136	+0.362%	$793K	$2.0M	50x	as long as short