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 0.000%

Price spread now: BingX against KuCoin−0.019%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.019%, 7d avg −0.021%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2092	0.0100	pay 0.0050% / 4h	1h 47m	$23.9M	$16.7M	75x
Short	BingX ENA-USDC	0.2092	0.0100	get 0.0050% / 4h	1h 47m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.021%: $0.15
Slippage, 4 orders: −$39.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$61.05
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 3 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 KuCoin live order book, 6 min ago	2.39 bp	20.2 bp −$20	33.9 bp −$339	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.48 bp	10.6 bp −$11	21.8 bp −$218	65.9 bp −$6,590	436.2 bp −$218.1K

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	−0.0076%	4h	0.2090	−0.096%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0064%	1h	0.2091	−0.029%	$361K	$484K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2091	−0.043%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2091	−0.055%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.506%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2091	−0.036%	$2.6M	$5.6M	50x	as long as short
01 Exchange ENAUSD	+0.0088%	1h	0.2092	+0.029%	$4K	$432	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	−0.043%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2090	−0.083%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2092	−0.010%	$656K	$1.8M	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	0.2091	−0.037%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2092	−0.014%	$405K	$582K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2091	−0.029%	$128.7M	$462.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2091	−0.067%	$86.9M	$192.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2092	−0.014%	$20.2M	$112.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.115%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	+0.005%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2090	−0.087%	$88K	$1K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2091	−0.053%	$10.4M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2091	−0.033%	$45.0M	$46.7M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2092	long leg	$23.9M	$16.7M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2090	−0.100%	$47.3M	$65.3M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2092	−0.019%	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2088	−0.164%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2090	−0.103%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2089	−0.139%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2089	−0.139%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	−0.014%	$188K	$2.8M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2040	−2.495%	$1K	$814K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2091	−0.043%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2093	+0.072%	$273K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2090	−0.091%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2091	−0.055%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2092	+0.005%	$5K	$356K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0221% / S −0.0364%	1h	0.2090	−0.076%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2091	−0.041%	$1.6M	$4.2M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2089	−0.143%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2090	−0.105%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0456%	1h	0.2094	+0.081%	$5.6M	$12.9M	10x	as long as short
Hyperliquid ENA	+0.0524%	1h	0.2093	+0.062%	$110.2M	$79.7M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2094	+0.115%	$801K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1859%	1h	0.2091	−0.059%	$138K	$15K	5x	as long as short