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 0.000%

Price spread now: BingX against edgeX+0.223%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.187%−$19 · spread now +0.223%, 7d avg −0.002%

Together, before fees−0.189%+ Points / potential airdropedgeX: Active · farm board−$19 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: BingX is 0.225% dearer against edgeX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ENAUSDC	0.2172	0.0100	pay 0.0050% / 4h	1h 57m	$256K	$7.0M	20x
Short	BingX ENA-USDC	0.2176	0.0100	get 0.0050% / 4h	1h 57m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.223%Rate

Funding earned: $0
Price spread: +0.223% → −0.002%: $22.48
Slippage, 4 orders: −$31.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.95
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; BingX: live order book, 7 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, 1 min ago	6.87 bp	11.4 bp −$11	12.8 bp −$128	47.5 bp −$4,747	doesn't fit
Sell BingX live order book, 7 min ago	0.69 bp	14.1 bp −$14	27.1 bp −$271	67.9 bp −$6,786	552.2 bp −$276.1K

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	−0.0142%	4h	0.2179	+0.361%	$45K	$26K	10x	as long as short
dYdX ENA-USD	0.0000%	1h	0.2181	+0.438%	$144K	$16K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2181	+0.421%	$68K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0005%	1h	0.2181	+0.449%	$101K	—	150x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2177	+0.264%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.218%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2177	+0.250%	$57K	$480K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2176	+0.200%	$576K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2184	+0.563%	$118.5M	$76.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2178	+0.304%	$1.5M	$3.3M	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	0.2181	+0.419%	$409K	$532K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2177	+0.250%	$131.8M	$427.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2177	+0.264%	$87.4M	$180.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2177	+0.255%	$21.8M	$110.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2183	+0.536%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2175	+0.158%	$80K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2172	+0.017%	$95K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2176	+0.213%	$12.5M	$25.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2181	+0.453%	$48.8M	$41.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2183	+0.540%	$25.4M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2175	+0.172%	$49.5M	$59.3M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2176	+0.223%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2168	−0.144%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2172	long leg	$256K	$7.0M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2170	−0.087%	$363K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2170	−0.072%	$20K	$651K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2182	+0.490%	$177K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2129	−1.956%	$1K	$893K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2182	+0.480%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2183	+0.540%	$273K	$806K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2183	+0.526%	$1.8M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2182	+0.459%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2175	+0.179%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2181	+0.416%	$76K	$4K	3x	as long as short
Lighter ENA	+0.0136%	1h	0.2183	+0.508%	$5.2M	$13.2M	10x	as long as short
Phoenix ENA	+0.0153%	1h	0.2175	+0.167%	$8K	$259K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0310% / S −0.0753%	1h	0.2182	+0.474%	$60K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2172	+0.006%	$5.7M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2181	+0.436%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0432%	1h	0.2182	+0.500%	$2.7M	$4.3M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2189	+0.798%	$900K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0941%	1h	0.2184	+0.559%	$400K	$424K	5x	as long as short