Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.308%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now +0.308%, 7d avg +0.060%

Together, before fees−0.340%−$34 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: ApeX Omni is 0.248% dearer against BingX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDT	0.2109	0.0100	pay 0.0050% / 4h	1h 54m	—	$30.2M	—
Short	ApeX Omni ENAUSDT	0.2116	0.0100	get 0.0013% / 1h	54m 52s	$19K	$646K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.308%Rate

Funding earned: $0
Price spread: +0.308% → +0.060%: $24.83
Slippage, 4 orders: −$35.44
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.61
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; ApeX Omni: live order book, 56 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 BingX live order book, 2 min ago	0.71 bp	6.5 bp −$6	8.4 bp −$84	15.2 bp −$1,516	32.5 bp −$16.2K
Sell ApeX Omni live order book, 56 min ago	9.53 bp	23.2 bp −$23	146.5 bp −$1,465	doesn't fit	doesn't fit

ENA on 42 exchanges

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	−0.0181%	4h	0.2110	+0.014%	$44K	$14K	10x	as long as short
01 Exchange ENAUSD	−0.0168%	1h	0.2111	+0.057%	$4K	$60	10x	as long as short
Kraken Futures PF_ENAUSD	−0.0132%	1h	0.2111	+0.061%	$2.6M	$4.1M	50x	as long as short
Bitget ENAUSDT	−0.0042%	4h	0.2108	−0.062%	$47.5M	$56.7M	75x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.076%	$105K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	+0.170%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	+0.588%	$734	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2112	+0.119%	$4.9M	$12.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2111	+0.071%	$57K	$390K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2111	+0.062%	$47K	—	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2111	+0.069%	$586K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2111	+0.052%	$114.0M	$78.5M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2111	+0.083%	$1.3M	$3.2M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2111	+0.057%	$389K	$527K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2110	+0.011%	$126.9M	$408.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2109	−0.014%	$86.6M	$185.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.033%	$20.9M	$100.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2115	+0.280%	$27K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2112	+0.119%	$79K	$236K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2112	+0.117%	$103K	$11K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2110	+0.038%	$13.8M	$26.5M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2110	+0.019%	$42.3M	$40.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2111	+0.066%	$25.0M	$15.6M	75x	as long as short
BingX ENA-USDTlong	+0.0100%	4h	0.2109	long leg	—	$30.2M	—
Variational Omni ENA	+0.0100%	4h	0.2110	+0.024%	$3.0M	$8.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2111	+0.085%	$245K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	+0.141%	$357K	$4.4M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2116	+0.308%	$19K	$646K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2111	+0.076%	$167K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2061	−2.323%	$1K	$919K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2110	+0.024%	$6K	$5K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.626%	$265K	$782K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2111	+0.071%	$1.9M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2109	−0.005%	$1.6M	$4.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.054%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0112%	1h	0.2115	+0.261%	$13K	$278K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0756%	1h	0.2111	+0.053%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	+0.028%	$5.5M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2110	+0.006%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0480%	1h	0.2113	+0.180%	$778K	$1.9M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0629%	1h	0.2111	+0.071%	$405K	$474K	5x	as long as short
dYdX ENA-USD	+0.1076%	1h	0.2112	+0.140%	$140K	$15K	5x	as long as short