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: HTX against edgeX−1.176%77s7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as 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−$870.866% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+1.464%+$146 · spread now −1.176%, 7d avg +0.065%

Together, before fees+1.464%+ Points / potential airdropedgeX: Active · farm board+$146 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 1.242% cheaper against edgeX than usual: you would sell low and buy high, −$124 on $10k if it goes back to its 7-day average of +0.065%. The two prices were read 77 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	0.2166	0.0100	pay 0.0050% / 4h	3h 02m	$252K	$7.5M	20x
Short	HTX ENA-USDT	0.2141	0.0100	get 0.0050% / 4h	3h 02m	$277K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −1.176%Rate

Funding earned: $0
Price spread: −1.176% → +0.065%: −$124.16
Slippage, 4 orders: −$65.57
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$210.73
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago	7.01 bp	11.5 bp −$12	13.0 bp −$130	43.5 bp −$4,348	doesn't fit
Sell HTX live order book, 2 min ago	25.40 bp	31.4 bp −$31	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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2137	−1.352%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0004%	1h	0.2137	−1.361%	$92K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0032%	4h	0.2136	−1.407%	$41K	$23K	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−1.975%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2135	−1.440%	$52K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2134	−1.477%	$715K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2137	−1.362%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2138	−1.290%	$421K	$550K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2135	−1.417%	$133.5M	$441.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2135	−1.453%	$87.7M	$186.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2135	−1.463%	$21.1M	$109.3M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2153	−0.599%	$16K	$413K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2136	−1.393%	$106K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2167	+0.038%	$95K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2135	−1.440%	$10.8M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2135	−1.421%	$45.2M	$45.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2137	−1.347%	$24.6M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2133	−1.523%	$48.4M	$61.2M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2135	−1.453%	—	$32.6M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2135	−1.430%	$378K	$378K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2153	−0.620%	$3.9M	$10.1M	—	as long as short
edgeX ENAUSDClong	+0.0100%	4h	0.2166	long leg	$252K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2148	−0.838%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2149	−0.793%	$33K	$686K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2136	−1.412%	$177K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2085	−3.748%	$1K	$835K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2135	−1.440%	$4K	$10K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2141	−1.176%	$277K	$1.1M	50x
Phemex ENAUSDT	+0.0100%	4h	0.2135	−1.440%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2135	−1.440%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2137	−1.368%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2157	−0.429%	$8K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0160%	1h	0.2135	−1.458%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0234%	1h	0.2137	−1.328%	$2.7M	$5.1M	50x	as long as short
dYdX ENA-USD	+0.0260%	1h	0.2138	−1.316%	$141K	$15K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0333% / S −0.0430%	1h	0.2137	−1.351%	$80K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2140	−1.195%	$5.7M	$2.0M	75x	as long as short
Extended ENA-USD	+0.0376%	1h	0.2135	−1.430%	$1.6M	$4.3M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2135	−1.435%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2162	−0.193%	$855K	$1.8M	50x	as long as short
Hyperliquid ENA	+0.0741%	1h	0.2137	−1.357%	$115.2M	$74.5M	10x	as long as short
Lighter ENA	+0.0784%	1h	0.2137	−1.324%	$5.7M	$13.7M	10x	as long as short