Funding arb · Price arb /

ENA

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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: edgeX against Variational Omni−0.390%59s7-day average −0.004% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

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+0.386%+$39 · spread now −0.390%, 7d avg −0.004%

Together, before fees+0.386%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$39 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: edgeX is 0.386% cheaper against Variational Omni than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 59 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	Variational Omni ENA	0.2114	0.0100	pay 0.0050% / 4h	2h 04m	$3.8M	$10.1M	—
Short	edgeX ENAUSDC	0.2106	0.0100	get 0.0050% / 4h	2h 04m	$246K	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.390%Rate

Funding earned: $0
Price spread: −0.390% → −0.004%: −$38.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.64
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; edgeX: live order book, 5 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, 5 min ago	7.13 bp	doesn't fit	16.6 bp −$166	68.9 bp −$6,893	doesn't fit
Sell edgeX live order book, 5 min ago	7.13 bp	11.6 bp −$12	13.1 bp −$131	44.5 bp −$4,446	doesn't fit

ENA on 41 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	0.2113	−0.061%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2120	+0.286%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2118	+0.172%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.436%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0034%	4h	0.2112	−0.103%	$44K	$27K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2120	+0.275%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2121	+0.337%	$682K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2120	+0.262%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2119	+0.239%	$414K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2120	+0.289%	$130.4M	$432.7M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2122	+0.346%	$86.9M	$180.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2122	+0.379%	$20.9M	$105.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	+0.081%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.275%	$78K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.221%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2119	+0.242%	$11.0M	$21.9M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	+0.323%	$44.9M	$44.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2121	+0.342%	$24.6M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2119	+0.228%	$48.2M	$59.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2120	+0.275%	—	$32.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2114	+0.006%	$381K	$371K	5x	as long as short
Variational Omni ENAlong	+0.0100%	4h	0.2114	long leg	$3.8M	$10.1M	—
edgeX ENAUSDCshort	+0.0100%	4h	0.2106	−0.390%	$246K	$7.5M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2104	−0.469%	$355K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−0.387%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	+0.299%	$183K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2062	−2.454%	$1K	$848K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2113	−0.056%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	−0.018%	$275K	$812K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	−0.103%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+0.161%	$47K	$110	10x	as long as short
01 Exchange ENAUSD	+0.0104%	1h	0.2121	+0.304%	$4K	$302	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2112	−0.109%	$74K	$4K	3x	as long as short
Extended ENA-USD	+0.0176%	1h	0.2118	+0.203%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2118	+0.162%	$7K	$351K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2120	+0.279%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0252%	1h	0.2114	+0.012%	$2.7M	$4.3M	50x	as long as short
Lighter ENA	+0.0400%	1h	0.2122	+0.356%	$5.5M	$13.8M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	+0.272%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0471%	1h	0.2123	+0.397%	$114.1M	$71.4M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2116	+0.072%	$830K	$1.6M	50x	as long as short