Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against BingX+0.036%85s7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as 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−$410.412% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.036% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 85 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	BingX ENA-USDT	0.2112	0.0100	pay 0.0050% / 4h	1h 06m	—	$31.6M	—
Short	edgeX ENAUSDC	0.2113	0.0100	get 0.0050% / 4h	1h 06m	$257K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: −$22.2
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$37.57
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	0.95 bp	6.5 bp −$6	7.6 bp −$76	8.9 bp −$892	25.0 bp −$12.5K
Sell edgeX live order book, 3 min ago	9.47 bp	14.0 bp −$14	15.5 bp −$155	46.6 bp −$4,658	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	−0.0100%	4h	0.2114	+0.085%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	+0.142%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2115	+0.137%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0008%	1h	0.2116	+0.204%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.540%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	+0.142%	$55K	$481K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2114	+0.074%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2115	+0.121%	$560K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2114	+0.104%	$114.4M	$75.3M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	+0.126%	$1.4M	$3.3M	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	0.2114	+0.116%	$400K	$542K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2114	+0.105%	$128.1M	$426.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2111	−0.062%	$90.5M	$186.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2113	+0.043%	$21.1M	$107.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2111	−0.062%	$33K	$323K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2116	+0.189%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.470%	$93K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2113	+0.033%	$12.5M	$26.7M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2112	+0.014%	$38.4M	$43.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2114	+0.099%	$24.7M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2110	−0.085%	$47.8M	$59.7M	75x	as long as short
BingX ENA-USDTlong	+0.0100%	4h	0.2112	long leg	—	$31.6M	—
Variational Omni ENA	+0.0100%	4h	0.2119	+0.329%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2113	+0.036%	$257K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2111	−0.047%	$351K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2113	+0.047%	$19K	$647K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	+0.175%	$183K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2063	−2.311%	$877	$902K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2113	+0.047%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2122	+0.497%	$266K	$816K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2114	+0.095%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2112	−0.007%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	+0.071%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2120	+0.369%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0152%	1h	0.2115	+0.161%	$5.0M	$13.7M	10x	as long as short
Backpack ENA_USDC_PERP	+0.0241%	1h	0.2113	+0.062%	$392K	$437K	5x	as long as short
dYdX ENA-USD	+0.0242%	1h	0.2113	+0.067%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0753%	1h	0.2113	+0.063%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2112	+0.005%	$5.6M	$3.3M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2114	+0.114%	$1K	—	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0446%	1h	0.2115	+0.128%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2135	+1.113%	$881K	$1.8M	50x	as long as short