Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.044%

Price spread now: BingX against 01 Exchange+0.019%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ENAUSD	0.2129	0.0104	pay 0.0013% / 1h	2m 05s	$4K	$302	10x
Short	BingX ENA-USDC	0.2129	0.0100	get 0.0050% / 4h	2h 02m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → 0.000%: $1.88
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 3 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	0.71 bp	17.1 bp −$17	32.9 bp −$329	74.3 bp −$7,426	464.7 bp −$232.4K

01 Exchange: 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 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	0.2130	+0.070%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2130	+0.070%	$87K	—	150x	as long as short
dYdX ENA-USD	+0.0011%	1h	0.2127	−0.103%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.254%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0033%	4h	0.2128	−0.019%	$44K	$27K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2130	+0.056%	$54K	$507K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2130	+0.042%	$684K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2130	+0.070%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2127	−0.063%	$416K	$530K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2130	+0.044%	$131.0M	$431.2M	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	0.2129	+0.028%	$87.2M	$180.0M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2129	−0.014%	$20.9M	$105.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2116	−0.606%	$19K	$382K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2128	−0.038%	$79K	$289K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2109	−0.907%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2130	+0.033%	$11.1M	$22.0M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2130	+0.038%	$45.2M	$44.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2131	+0.122%	$24.7M	$16.0M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2127	−0.061%	$48.4M	$59.0M	75x	as long as short
BingX ENA-USDCshort	+0.0100%	4h	0.2129	+0.019%	—	$6.5M	—
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2131	+0.103%	$384K	$370K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2114	−0.687%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	−1.074%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2112	−0.788%	$359K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2106	−1.071%	$32K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2131	+0.094%	$184K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.274%	$962	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2129	+0.009%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2134	+0.263%	$278K	$803K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2130	+0.056%	$1.9M	$9.0M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2128	−0.046%	$48K	$110	10x	as long as short
01 Exchange ENAUSDlong	+0.0104%	1h	0.2129	long leg	$4K	$302	10x
Aevo ENA-PERP	+0.0104%	1h	0.2131	+0.086%	$75K	$4K	3x	as long as short
Extended ENA-USD	+0.0160%	1h	0.2129	−0.001%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0188%	1h	0.2116	−0.582%	$7K	$351K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2131	+0.102%	$2.7M	$4.3M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2130	+0.052%	$51K	—	100x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2130	+0.075%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0440%	1h	0.2132	+0.127%	$5.5M	$13.8M	10x	as long as short
Hyperliquid ENA	+0.0466%	1h	0.2131	+0.113%	$114.6M	$71.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2137	+0.362%	$840K	$1.6M	50x	as long as short