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 +0.011%

Price spread now: HTX against Bitget+0.429%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$860.865% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.429%, 7d avg +0.153%

Together, before fees−0.127%−$13 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: HTX is 0.276% dearer against Bitget than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ENAUSDT	0.2096	0.0100	pay 0.0050% / 4h	3h 24m	$47.6M	$57.6M	75x
Short	HTX ENA-USDT	0.2105	0.0100	get 0.0050% / 4h	3h 24m	$272K	$790K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.429%Rate

Funding earned: $0
Price spread: +0.429% → +0.153%: $27.62
Slippage, 4 orders: −$62.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$58.84
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 54 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 Bitget live order book, 5 min ago	0.47 bp	8.7 bp −$9	14.2 bp −$142	32.6 bp −$3,261	doesn't fit
Sell HTX live order book, 54 min ago	25.21 bp	33.3 bp −$33	doesn't fit	doesn't fit	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
Backpack ENA_USDC_PERP	−0.0114%	1h	0.2100	+0.167%	$358K	$402K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0111%	4h	0.2099	+0.143%	$44K	$26K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+0.181%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2101	+0.202%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0032%	1h	0.2101	+0.239%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.288%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2101	+0.219%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2100	+0.190%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2101	+0.229%	$653K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2101	+0.222%	$1.4M	$3.2M	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	0.2101	+0.232%	$400K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2100	+0.181%	$127.3M	$413.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2100	+0.153%	$84.9M	$174.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2098	+0.095%	$20.9M	$103.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2109	+0.577%	$22K	$334K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2102	+0.267%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.076%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2098	+0.091%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2100	+0.153%	$45.5M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2101	+0.215%	$24.8M	$15.6M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2096	long leg	$47.6M	$57.6M	75x
BingX ENA-USDC	+0.0100%	4h	0.2098	+0.076%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2100	+0.160%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2102	+0.283%	$241K	$6.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2107	+0.498%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2102	+0.267%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	+0.234%	$191K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2050	−2.213%	$943	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2100	+0.172%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2105	+0.429%	$272K	$790K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2100	+0.172%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2099	+0.113%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+0.152%	$73K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2102	+0.291%	$8K	$274K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0174%	1h	0.2101	+0.223%	$2.6M	$4.3M	50x	as long as short
Hyperliquid ENA	+0.0188%	1h	0.2100	+0.186%	$114.1M	$74.0M	10x	as long as short
Lighter ENA	+0.0200%	1h	0.2102	+0.291%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2101	+0.207%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2102	+0.258%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2100	+0.170%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2107	+0.510%	$862K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1103%	1h	0.2101	+0.210%	$139K	$15K	5x	as long as short