Funding arb · Price arb /

ENA

all ENA markets

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 +0.003%

Price spread now: SunX against Bybit−2.237%7-day average −2.326% · you buy dearer than you sell

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.875%+$88 · spread now −2.237%, 7d avg −2.326%

Together, before fees+0.949%+$95 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 0.090% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −2.326%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ENAUSDT	0.2110	0.0100	pay 0.0050% / 4h	1h 40m	$86.6M	$176.6M	50x
Short	SunX ENA-USDT	0.2063	0.0100	get 0.0050% / 4h	1h 40m	$1K	$842K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −2.237%Rate

Funding earned: $0
Price spread: −2.237% → −2.326%: $8.99
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.01
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SunX: live order book, 61 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 Bybit live order book, 3 min ago	0.24 bp	9.4 bp −$9	16.8 bp −$168	59.6 bp −$5,963	doesn't fit
Sell SunX live order book, 61 min ago	251.90 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
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2111	+0.024%	$79K	$1.3M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2113	+0.145%	$82K	—	150x	as long as short
Orderly PERP_ENA_USDC	+0.0007%	4h	0.2111	+0.009%	$44K	$27K	10x	as long as short
01 Exchange ENAUSD	+0.0024%	1h	0.2113	+0.104%	$4K	$302	10x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.616%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2112	+0.076%	$55K	$499K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2112	+0.083%	$682K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2113	+0.123%	$113.6M	$71.4M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2113	+0.112%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2113	+0.145%	$413K	$516K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2111	+0.009%	$129.6M	$424.2M	75x	as long as short
Bybit ENAUSDTlong	+0.0100%	4h	0.2110	long leg	$86.6M	$176.6M	50x
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2110	−0.014%	$20.8M	$102.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2112	+0.095%	$19K	$376K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2114	+0.171%	$78K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2113	+0.123%	$93K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2111	+0.033%	$11.0M	$21.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2111	+0.019%	$45.5M	$41.8M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2112	+0.090%	$24.6M	$15.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2109	−0.052%	$48.1M	$58.1M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2111	+0.024%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2112	+0.076%	$374K	$363K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2112	+0.073%	$3.4M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2113	+0.106%	$243K	$7.3M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2115	+0.215%	$362K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2116	+0.265%	$32K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	+0.175%	$184K	$2.3M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2063	−2.237%	$1K	$842K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2111	+0.028%	$3K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2117	+0.313%	$277K	$781K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2112	+0.076%	$1.9M	$8.9M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2113	+0.142%	$47K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2111	+0.019%	$74K	$4K	3x	as long as short
dYdX ENA-USD	+0.0107%	1h	0.2115	+0.209%	$140K	$15K	5x	as long as short
Extended ENA-USD	+0.0120%	1h	0.2110	−0.021%	$1.6M	$4.1M	50x	as long as short
Phoenix ENA	+0.0150%	1h	0.2118	+0.351%	$8K	$298K	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2113	+0.123%	$50K	—	100x	as long as short
Kraken Futures PF_ENAUSD	+0.0285%	1h	0.2113	+0.119%	$2.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2110	0.000%	$5.6M	$3.1M	75x	as long as short
Lighter ENA	+0.0384%	1h	0.2114	+0.147%	$5.5M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	+0.139%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0664%	1h	0.2117	+0.327%	$833K	$1.5M	50x	as long as short