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: Binance against Variational Omni+0.118%7-day average +0.013% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.118%, 7d avg +0.013%

Together, before fees−0.085%+ Points / potential airdropVariational Omni: Active · farm board−$8 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 0.106% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ENA	0.2124	0.0100	pay 0.0050% / 4h	48m 51s	$3.9M	$10.3M	—
Short	Binance ENAUSDT	0.2126	0.0100	get 0.0050% / 4h	48m 51s	$131.4M	$455.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.013%: $10.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $0.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Binance: live order book, 10 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 Variational Omni RFQ quote, just now	4.70 bp	doesn't fit	18.8 bp −$188	56.4 bp −$5,636	doesn't fit
Sell Binance live order book, 10 min ago	0.24 bp	7.8 bp −$8	13.2 bp −$132	23.8 bp −$2,377	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
Orderly PERP_ENA_USDC	−0.0029%	4h	0.2127	+0.161%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2128	+0.184%	$93K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2130	+0.294%	$106K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.023%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0080%	1h	0.2130	+0.288%	$376K	$447K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2129	+0.241%	$63K	$525K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.264%	$684K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2131	+0.316%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2129	+0.224%	$412K	$567K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2126	+0.118%	$131.4M	$455.2M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2126	+0.114%	$89.3M	$191.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2127	+0.151%	$20.6M	$112.2M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	+0.208%	$15K	$401K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2129	+0.241%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2125	+0.075%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2127	+0.142%	$10.9M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2127	+0.147%	$47.0M	$45.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2130	+0.302%	$24.5M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2126	+0.085%	$48.2M	$64.7M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2126	+0.109%	—	$6.5M	—	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2124	long leg	$3.9M	$10.3M	—
edgeX ENAUSDC	+0.0100%	4h	0.2124	+0.009%	$253K	$7.7M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	+0.023%	$354K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	+0.005%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2130	+0.297%	$179K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2078	−2.142%	$1K	$823K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2128	+0.194%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2132	+0.392%	$276K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2127	+0.147%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2128	+0.202%	$48K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2127	+0.146%	$78K	$11K	3x	as long as short
01 Exchange ENAUSD	+0.0168%	1h	0.2131	+0.335%	$4K	$302	10x	as long as short
Phoenix ENA	+0.0189%	1h	0.2125	+0.067%	$6K	$347K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0240%	1h	0.2128	+0.214%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2130	+0.295%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2128	+0.184%	$5.6M	$7.4M	75x	as long as short
Extended ENA-USD	+0.0344%	1h	0.2126	+0.096%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2130	+0.265%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2135	+0.500%	$843K	$2.1M	50x	as long as short
Lighter ENA	+0.0624%	1h	0.2132	+0.359%	$5.7M	$12.8M	10x	as long as short
Hyperliquid ENA	+0.0816%	1h	0.2133	+0.434%	$114.6M	$78.8M	10x	as long as short
dYdX ENA-USD	+0.1718%	1h	0.2127	+0.160%	$141K	$15K	5x	as long as short