Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%

Price spread now: 01 Exchange against BingX+0.071%7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.071% dearer against BingX than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDT	0.2114	0.0100	pay 0.0050% / 4h	1h 10m	—	$32.2M	—
Short	01 Exchange ENAUSD	0.2115	0	get 0.0000% / 1h	10m 29s	$4K	$302	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.071%Rate

Funding earned: −$21
Price spread: +0.071% → 0.000%: $7.1
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$30.9
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; 01 Exchange: no order-book sample. 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 BingX live order book, 8 min ago	0.94 bp	7.2 bp −$7	9.4 bp −$94	12.2 bp −$1,221	25.7 bp −$12.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0034%	4h	0.2114	+0.005%	$44K	$26K	10x	as long as short
01 Exchange ENAUSDshort	0.0000%	1h	0.2115	+0.071%	$4K	$302	10x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2115	+0.066%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2114	+0.022%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.445%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2115	+0.047%	$55K	$498K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2114	+0.007%	$663K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2117	+0.137%	$114.0M	$71.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	+0.064%	$1.5M	$3.0M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2115	+0.057%	$413K	$506K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2115	+0.057%	$129.6M	$417.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2115	+0.043%	$86.5M	$175.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	+0.085%	$20.8M	$102.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	−0.118%	$19K	$333K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2115	+0.047%	$78K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2120	+0.284%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	+0.014%	$11.1M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2115	+0.066%	$45.9M	$42.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2116	+0.095%	$24.7M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2111	−0.123%	$48.1M	$57.5M	75x	as long as short
BingX ENA-USDTlong	+0.0100%	4h	0.2114	long leg	—	$32.2M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2117	+0.118%	$375K	$362K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	−0.074%	$3.4M	$9.9M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2119	+0.219%	$244K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2119	+0.237%	$357K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2119	+0.237%	$22K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2115	+0.057%	$188K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−2.465%	$1K	$840K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2114	0.000%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2116	+0.095%	$276K	$780K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	+0.095%	$1.9M	$8.8M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2115	+0.034%	$47K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2113	−0.052%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2114	+0.003%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.227%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2115	+0.034%	$51K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2116	+0.100%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0312%	1h	0.2116	+0.076%	$5.3M	$13.9M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2115	+0.043%	$5.6M	$3.1M	75x	as long as short
dYdX ENA-USD	+0.0347%	1h	0.2115	+0.051%	$140K	$15K	5x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2112	−0.100%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2116	+0.076%	$833K	$1.5M	50x	as long as short