Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX+0.245%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$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: Aevo is 0.245% dearer against edgeX than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2095	0.0100	pay 0.0050% / 4h	20m 30s	$253K	$7.1M	20x
Short	Aevo ENA-PERP	0.2101	0.0104	get 0.0013% / 1h	20m 30s	$74K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.245%Rate

Funding earned: $0.84
Price spread: +0.245% → 0.000%: $24.5
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: $0.34
Costs to cover: 0.250%
Break-even: 4.2 days

Slippage unknown: edgeX: live order book, 4 min ago; Aevo: 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 edgeX live order book, 4 min ago	9.56 bp	14.1 bp −$14	15.6 bp −$156	46.8 bp −$4,678	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0089%	4h	0.2099	+0.158%	$44K	$17K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2100	+0.215%	$54K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2099	+0.190%	$81K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2103	+0.339%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.332%	$522	$57K	5.5x	as long as short
Lighter ENA	+0.0096%	1h	0.2102	+0.330%	$5.0M	$13.9M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2102	+0.311%	$52K	$484K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2102	+0.293%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2102	+0.313%	$562K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2102	+0.301%	$114.0M	$74.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ENAUSDT	+0.0100%	4h	0.2102	+0.323%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2101	+0.258%	$405K	$563K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2103	+0.337%	$128.0M	$425.3M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2101	+0.277%	$90.2M	$187.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2102	+0.325%	$21.0M	$106.7M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2093	−0.119%	$33K	$320K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2102	+0.311%	$78K	$283K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	−0.028%	$91K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2102	+0.292%	$12.7M	$27.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2101	+0.282%	$39.1M	$43.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2102	+0.301%	$24.8M	$15.8M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2100	+0.215%	$47.7M	$59.8M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2102	+0.287%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2101	+0.249%	$407K	$492K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.091%	$3.0M	$9.9M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2095	long leg	$253K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	−0.023%	$351K	$4.7M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2099	+0.168%	$19K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2099	+0.192%	$181K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2049	−2.214%	$1K	$908K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2099	+0.168%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2101	+0.268%	$264K	$814K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2099	+0.168%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2101	+0.246%	$1.6M	$4.4M	50x	as long as short
Aevo ENA-PERPshort	+0.0104%	1h	0.2101	+0.245%	$74K	$4K	3x
Kraken Futures PF_ENAUSD	+0.0149%	1h	0.2101	+0.256%	$2.6M	$4.4M	50x	as long as short
Phoenix ENA	+0.0190%	1h	0.2094	−0.052%	$13K	$273K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0754%	1h	0.2099	+0.184%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2099	+0.158%	$5.5M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+0.166%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2098	+0.115%	$867K	$1.8M	50x	as long as short
dYdX ENA-USD	+0.1007%	1h	0.2100	+0.238%	$139K	$16K	5x	as long as short