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 +0.011%

Price spread now: SunX against Bitget−2.512%50s7-day average −2.306% · you buy dearer than you sell

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.659%+$66 · spread now −2.512%, 7d avg −2.306%

Together, before fees+0.676%+$68 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: SunX is 0.205% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −2.306%. The two prices were read 50 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	Bitget ENAUSDT	0.2090	0.0100	pay 0.0050% / 4h	2h 38m	$47.4M	$66.6M	75x
Short	SunX ENA-USDT	0.2038	0.0100	get 0.0050% / 4h	2h 38m	$855	$807K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −2.512%Rate

Funding earned: $0
Price spread: −2.512% → −2.306%: −$20.54
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 6 min ago; SunX: live order book, 43 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 Bitget live order book, 6 min ago	0.72 bp	10.0 bp −$10	16.4 bp −$164	33.2 bp −$3,324	doesn't fit
Sell SunX live order book, 43 min ago	260.61 bp	doesn't fit	doesn't fit	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	−0.0351%	1h	0.2089	−0.081%	$359K	$485K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0083%	4h	0.2093	+0.144%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0024%	1h	0.2091	+0.019%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0018%	4h	0.2092	+0.081%	$10.4M	$21.5M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2089	−0.072%	$97K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2094	+0.167%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.584%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2097	+0.335%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2090	−0.014%	$59K	$541K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2089	−0.048%	$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	0.2090	−0.014%	$656K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2090	−0.019%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2089	−0.057%	$401K	$585K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2093	+0.134%	$129.1M	$468.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2093	+0.124%	$87.6M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	+0.153%	$20.1M	$114.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2090	−0.014%	$19K	$433K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2089	−0.062%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2094	+0.177%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	+0.096%	$44.7M	$48.7M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2093	+0.134%	$24.1M	$16.6M	75x	as long as short
Bitget ENAUSDTlong	+0.0100%	4h	0.2090	long leg	$47.4M	$66.6M	75x
BingX ENA-USDT	+0.0100%	4h	0.2092	+0.096%	—	$32.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2095	+0.223%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2095	+0.245%	$250K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2096	+0.260%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2096	+0.273%	$32K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2093	+0.120%	$181K	$3.0M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2038	−2.512%	$855	$807K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2088	−0.110%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	+0.249%	$272K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	−0.110%	$1.8M	$9.3M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2093	+0.116%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2094	+0.175%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2090	−0.035%	$2.7M	$5.8M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0212% / S −0.0160%	1h	0.2094	+0.156%	$50K	—	100x	as long as short
Lighter ENA	+0.0224%	1h	0.2091	+0.019%	$5.6M	$13.1M	10x	as long as short
Hyperliquid ENA	+0.0323%	1h	0.2094	+0.182%	$110.7M	$80.7M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2088	−0.091%	$5.5M	$8.1M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2092	+0.062%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2101	+0.502%	$802K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.9781%	1h	0.2089	−0.069%	$138K	$12K	5x	as long as short