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 +0.006%

Price spread now: SunX against Gate−2.396%7-day average −2.348% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)+0.155%+$16 · spread now −2.396%, 7d avg −2.348%

Together, before fees+0.191%+$19 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 0.048% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −2.348%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ENA_USDT	0.2141	0.0100	pay 0.0050% / 4h	2h 30m	$11.1M	$21.3M	50x
Short	SunX ENA-USDT	0.2090	0.0100	get 0.0050% / 4h	2h 30m	$866	$850K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −2.396%Rate

Funding earned: $0
Price spread: −2.396% → −2.348%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.75
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; SunX: live order book, 11 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 Gate live order book, 3 min ago	5.88 bp	16.3 bp −$16	37.4 bp −$374	58.7 bp −$5,866	100.1 bp −$50.0K
Sell SunX live order book, 11 min ago	251.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.2141	−0.014%	$80K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2139	−0.092%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0017%	1h	0.2145	+0.174%	$142K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.841%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0041%	4h	0.2140	−0.047%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2142	+0.023%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2142	+0.028%	$56K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2142	+0.040%	$697K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2145	+0.154%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2147	+0.260%	$420K	$548K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2145	+0.174%	$133.0M	$444.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2148	+0.308%	$88.1M	$186.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2148	+0.318%	$21.1M	$109.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2128	−0.630%	$19K	$411K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2150	+0.402%	$117K	$251K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2105	−1.687%	$92K	$4K	10x	as long as short
Gate ENA_USDTlong	+0.0100%	4h	0.2141	long leg	$11.1M	$21.3M	50x
MEXC ENA_USDT	+0.0100%	4h	0.2148	+0.304%	$45.8M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2150	+0.416%	$24.9M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2147	+0.262%	$48.8M	$61.1M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2148	+0.290%	—	$32.7M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2143	+0.070%	$371K	$376K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2140	−0.079%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2115	−1.221%	$242K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2127	−0.650%	$353K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	−0.813%	$32K	$667K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2142	+0.047%	$181K	$2.4M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2090	−2.396%	$866	$850K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2141	−0.019%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2143	+0.070%	$277K	$1.0M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2141	−0.019%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2145	+0.147%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2142	+0.013%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2138	−0.149%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0240%	1h	0.2141	−0.011%	$1.6M	$4.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0249%	1h	0.2142	+0.019%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2140	−0.069%	$51K	—	100x	as long as short
Lighter ENA	+0.0392%	1h	0.2146	+0.196%	$5.6M	$13.6M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2140	−0.053%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0525%	1h	0.2146	+0.215%	$115.9M	$73.0M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2111	−1.429%	$827K	$1.7M	50x	as long as short