Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Ondo Perps+0.347%7-day average +0.045% · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.347%, 7d avg +0.045%

Together, before fees−0.065%+ Points / potential airdropOndo Perps: Active · farm board−$7 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 0.302% dearer against Ondo Perps than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2104	0.0100	pay 0.0013% / 1h	15m 38s	$22K	$327K	5x
Short	HTX ENA-USDT	0.2111	0.0100	get 0.0050% / 4h	3h 15m	$273K	$789K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → +0.045%: $30.19
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $13.19
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 63 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 63 min ago	25.21 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0120%	4h	0.2105	+0.086%	$44K	$26K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0078%	1h	0.2108	+0.219%	$359K	$401K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2107	+0.138%	$73K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2107	+0.157%	$82K	—	150x	as long as short
01 Exchange ENAUSD	+0.0016%	1h	0.2106	+0.114%	$4K	$277	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.941%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2106	+0.114%	$56K	$465K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	+0.156%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2106	+0.126%	$654K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2107	+0.171%	$1.5M	$3.2M	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	0.2107	+0.178%	$401K	$513K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2106	+0.119%	$127.6M	$413.0M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2105	+0.090%	$85.1M	$174.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2108	+0.195%	$21.0M	$103.4M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2104	long leg	$22K	$327K	5x
Arcus ENA-USD	+0.0100%	1h	0.2107	+0.162%	$78K	$276K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.174%	$92K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2107	+0.147%	$11.2M	$22.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2107	+0.157%	$45.7M	$41.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2108	+0.219%	$24.9M	$15.5M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2105	+0.081%	$47.8M	$57.6M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2107	+0.185%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2106	+0.104%	$3.0M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2108	+0.205%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2108	+0.218%	$349K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	+0.067%	$20K	$652K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2108	+0.190%	$190K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.282%	$1K	$854K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2106	+0.114%	$4K	$7K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2111	+0.347%	$273K	$789K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2106	+0.114%	$1.7M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2105	+0.086%	$1.6M	$4.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2107	+0.145%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0113%	1h	0.2103	−0.019%	$8K	$274K	10x	as long as short
Hyperliquid ENA	+0.0140%	1h	0.2109	+0.238%	$114.6M	$74.1M	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0173%	1h	0.2108	+0.196%	$2.6M	$4.3M	50x	as long as short
Lighter ENA	+0.0192%	1h	0.2109	+0.276%	$5.2M	$13.3M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0306% / S −0.0358%	1h	0.2107	+0.153%	$70K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2107	+0.181%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2106	+0.114%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0656%	1h	0.2109	+0.252%	$863K	$1.7M	50x	as long as short
dYdX ENA-USD	+0.1101%	1h	0.2107	+0.144%	$139K	$15K	5x	as long as short