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: KuCoin against Binance+0.060%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.060%, 7d avg 0.000%

Together, before fees−0.101%−$10 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: KuCoin is 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ENAUSDT	0.2109	0.0100	pay 0.0050% / 4h	2h 23m	$130.1M	$466.7M	75x
Short	KuCoin ENAUSDTM	0.2110	0.0100	get 0.0050% / 4h	2h 23m	$24.4M	$16.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → 0.000%: $6.05
Slippage, 4 orders: −$27.46
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.41
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 6 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 Binance live order book, 6 min ago	0.24 bp	5.7 bp −$6	10.4 bp −$104	48.9 bp −$4,894	doesn't fit
Sell KuCoin live order book, 6 min ago	2.37 bp	18.9 bp −$19	35.1 bp −$351	doesn't fit	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
Backpack ENA_USDC_PERP	−0.0263%	1h	0.2110	+0.051%	$363K	$484K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2109	+0.003%	$41K	$23K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2109	+0.003%	$4K	$432	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2110	+0.055%	$93K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2111	+0.095%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.681%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0042%	4h	0.2109	−0.011%	$10.5M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2110	+0.070%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2110	+0.046%	$60K	$540K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2107	−0.098%	$47K	$221	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2112	+0.151%	$663K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2110	+0.042%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2108	−0.047%	$407K	$595K	10x	as long as short
Binance ENAUSDTlong	+0.0100%	4h	0.2109	long leg	$130.1M	$466.7M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2108	−0.030%	$88.1M	$193.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2109	−0.025%	$20.4M	$114.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2113	+0.179%	$19K	$432K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2108	−0.049%	$82K	$223K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2109	+0.008%	$45.8M	$49.1M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2110	+0.060%	$24.4M	$16.5M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2108	−0.035%	$47.7M	$66.5M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2110	+0.027%	—	$32.1M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2111	+0.104%	$3.6M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2109	−0.020%	$251K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2110	+0.049%	$360K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2110	+0.046%	$33K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2113	+0.202%	$184K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2056	−2.519%	$1K	$808K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2109	−0.002%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2114	+0.236%	$274K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2108	−0.049%	$1.9M	$9.3M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2100	−0.408%	$89K	$2K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0103%	1h	0.2110	+0.031%	$2.7M	$5.8M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2110	+0.025%	$78K	$11K	3x	as long as short
Extended ENA-USD	+0.0112%	1h	0.2109	−0.001%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0162%	1h	0.2112	+0.143%	$50K	—	100x	as long as short
Lighter ENA	+0.0328%	1h	0.2112	+0.126%	$5.7M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2108	−0.039%	$5.5M	$8.2M	75x	as long as short
Hyperliquid ENA	+0.0345%	1h	0.2112	+0.150%	$111.5M	$80.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	+0.166%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2113	+0.188%	$807K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6839%	1h	0.2108	−0.073%	$139K	$15K	5x	as long as short