Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against edgeX−0.040%80s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$420.421% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.040%, 7d avg +0.016%

Together, before fees+0.047%+ Points / potential airdropedgeX: Active · farm board+$5 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: Binance is 0.056% cheaper against edgeX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 80 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	edgeX ENAUSDC	0.2123	0.0100	pay 0.0050% / 4h	2h 00m	$248K	$7.5M	20x
Short	Binance ENAUSDT	0.2122	0.0100	get 0.0050% / 4h	2h 00m	$130.5M	$430.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.016%: −$5.58
Slippage, 4 orders: −$23.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$47.69
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Binance: live order book, 13 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 edgeX live order book, 4 min ago	7.06 bp	11.6 bp −$12	13.1 bp −$131	43.9 bp −$4,391	doesn't fit
Sell Binance live order book, 13 min ago	0.24 bp	10.4 bp −$10	16.1 bp −$161	50.0 bp −$4,997	doesn't fit

ENA on 41 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2123	−0.012%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2119	−0.158%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2127	+0.194%	$141K	$15K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0031%	4h	0.2122	−0.035%	$44K	$27K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.026%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2126	+0.148%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2124	+0.054%	$54K	$506K	50x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2123	+0.004%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	+0.181%	$415K	$530K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2122	−0.040%	$130.5M	$430.2M	75x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2122	−0.026%	$86.8M	$179.5M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2123	−0.012%	$20.8M	$104.5M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2127	+0.191%	$19K	$384K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2126	+0.148%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.629%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2122	−0.054%	$11.0M	$22.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2122	−0.035%	$45.5M	$44.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2123	+0.007%	$24.6M	$15.9M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2120	−0.120%	$48.3M	$58.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2122	−0.035%	—	$32.4M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2123	−0.002%	$383K	$366K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2129	+0.270%	$3.8M	$10.0M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2123	long leg	$248K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	+0.063%	$361K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2125	+0.101%	$32K	$650K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2120	−0.126%	$681K	$1.7M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	−0.016%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2070	−2.508%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	−0.087%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2129	+0.266%	$277K	$792K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2120	−0.134%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2126	+0.131%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2121	−0.066%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0144%	1h	0.2120	−0.128%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.304%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2119	−0.177%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0251%	1h	0.2123	+0.001%	$2.7M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	−0.189%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0432%	1h	0.2125	+0.097%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0455%	1h	0.2124	+0.068%	$114.2M	$71.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2131	+0.398%	$838K	$1.6M	50x	as long as short