Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: BingX against Bybit+0.024%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.024%, 7d avg +0.013%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2127	0.0100	pay 0.0050% / 4h	26m 56s	$89.4M	$189.8M	50x
Short	BingX ENA-USDT	0.2128	0.0100	get 0.0050% / 4h	26m 56s	—	$32.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.013%: $1.06
Slippage, 4 orders: −$9.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.9
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 12 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 Bybit live order book, 2 min ago	0.24 bp	9.9 bp −$10	15.8 bp −$158	51.8 bp −$5,179	doesn't fit
Sell BingX live order book, 12 min ago	0.70 bp	5.9 bp −$6	6.9 bp −$69	12.7 bp −$1,274	30.7 bp −$15.4K

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	−0.0011%	4h	0.2127	−0.014%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2128	+0.019%	$93K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2128	+0.005%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.193%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0048%	1h	0.2130	+0.099%	$376K	$447K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2125	−0.118%	$61K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2126	−0.061%	$681K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2129	+0.047%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2125	−0.118%	$411K	$562K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2128	+0.017%	$131.5M	$452.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDTlong	+0.0100%	4h	0.2127	long leg	$89.4M	$189.8M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2128	+0.024%	$20.6M	$111.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2123	−0.230%	$15K	$405K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2125	−0.118%	$84K	$222K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.517%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2128	+0.042%	$10.9M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2128	+0.042%	$46.7M	$45.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2129	+0.061%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	−0.052%	$48.2M	$64.0M	75x	as long as short
BingX ENA-USDTshort	+0.0100%	4h	0.2128	+0.024%	—	$32.6M	—
Variational Omni ENA	+0.0100%	4h	0.2119	−0.395%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2116	−0.539%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−0.353%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2118	−0.447%	$32K	$709K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2128	+0.009%	$179K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2076	−2.430%	$1K	$825K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2127	−0.024%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.071%	$277K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2128	+0.024%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2125	−0.123%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2128	+0.013%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2118	−0.447%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2126	−0.052%	$4K	$302	10x	as long as short
Extended ENA-USD	+0.0216%	1h	0.2126	−0.049%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2128	+0.039%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2127	−0.014%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2127	−0.009%	$5.6M	$6.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2127	−0.038%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0544%	1h	0.2131	+0.150%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2131	+0.146%	$841K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0779%	1h	0.2132	+0.226%	$114.8M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1734%	1h	0.2126	−0.082%	$140K	$15K	5x	as long as short