Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.037%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.037%, 7d avg +0.024%

Together, before fees−0.026%−$3 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 0.060% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ENA-USDC	0.2175	0.0100	pay 0.0050% / 4h	2h 17m	—	$6.5M	—
Short	KuCoin ENAUSDTM	0.2175	0.0100	get 0.0050% / 4h	2h 17m	$25.3M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.024%: −$6.03
Slippage, 4 orders: −$39.45
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$67.48
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from BingX: live order book, 3 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 BingX live order book, 3 min ago	0.70 bp	17.0 bp −$17	29.9 bp −$299	78.5 bp −$7,853	436.0 bp −$218.0K
Sell KuCoin live order book, 6 min ago	0.94 bp	14.5 bp −$14	31.7 bp −$317	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
Orderly PERP_ENA_USDC	−0.0138%	4h	0.2169	−0.276%	$45K	$26K	10x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2166	−0.416%	$84K	—	150x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.0027%	1h	0.2170	−0.244%	$70K	$1.1M	50x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−2.390%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0056%	1h	0.2173	−0.097%	$4K	$277	10x	as long as short
Phemex ENAUSDT	+0.0064%	4h	0.2169	−0.294%	$1.8M	$8.9M	50x	as long as short
Gate ENA_USDT	+0.0092%	4h	0.2175	−0.018%	$11.5M	$24.3M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2173	−0.110%	$52K	$468K	50x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2175	−0.012%	$118.1M	$75.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2176	+0.018%	$1.5M	$3.3M	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	0.2174	−0.075%	$408K	$528K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2174	−0.041%	$132.0M	$421.6M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2174	−0.074%	$87.7M	$176.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2174	−0.074%	$21.7M	$108.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2149	−1.209%	$21K	$326K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2176	+0.028%	$81K	$280K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2175	−0.009%	$48.0M	$41.6M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2175	−0.037%	$25.3M	$15.6M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2172	−0.156%	$49.4M	$58.3M	75x	as long as short
BingX ENA-USDClong	+0.0100%	4h	0.2175	long leg	—	$6.5M	—
Variational Omni ENA	+0.0100%	4h	0.2139	−1.651%	$3.1M	$10.0M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	−1.534%	$246K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2163	−0.551%	$362K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2164	−0.524%	$20K	$650K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2173	−0.110%	$564K	$1.8M	10x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2175	−0.014%	$193K	$2.5M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2117	−2.680%	$961	$880K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2169	−0.294%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2168	−0.345%	$272K	$798K	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2132	−2.018%	$94K	−$0	10x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2174	−0.056%	$49K	$110	10x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2175	+0.004%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2166	−0.451%	$76K	$4K	3x	as long as short
Phoenix ENA	+0.0153%	1h	0.2155	−0.915%	$8K	$278K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0158%	1h	0.2171	−0.219%	$2.7M	$4.3M	50x	as long as short
dYdX ENA-USD	+0.0255%	1h	0.2171	−0.203%	$143K	$16K	5x	as long as short
Lighter ENA	+0.0272%	1h	0.2176	+0.014%	$5.4M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0309% / S −0.0753%	1h	0.2166	−0.413%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2165	−0.487%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2173	−0.126%	$1K	$5K	15x	as long as short
Backpack ENA_USDC_PERP	+0.0649%	1h	0.2170	−0.225%	$365K	$401K	5x	as long as short
Coinbase International ENA-PERP-INTX	+0.0704%	1h	0.2170	−0.225%	$891K	$1.8M	50x	as long as short