Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin+0.038%82s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.799% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.038%, 7d avg +0.028%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2117	0.0100	pay 0.0050% / 4h	3h 36m	$24.4M	$16.6M	75x
Short	ApeX Omni ENAUSDT	0.2118	0.0100	get 0.0013% / 1h	36m 01s	$34K	$709K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.028%: $0.98
Slippage, 4 orders: −$57.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$78.96
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 38 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 KuCoin live order book, 3 min ago	2.83 bp	17.4 bp −$17	37.0 bp −$370	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	9.40 bp	20.0 bp −$20	129.5 bp −$1,295	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	0.2116	−0.061%	$82K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2116	−0.066%	$97K	—	150x	as long as short
Backpack ENA_USDC_PERP	+0.0004%	1h	0.2117	+0.005%	$377K	$415K	5x	as long as short
Orderly PERP_ENA_USDC	+0.0026%	4h	0.2115	−0.085%	$41K	$23K	10x	as long as short
dYdX ENA-USD	+0.0033%	1h	0.2119	+0.084%	$140K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.293%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2116	−0.057%	$62K	$524K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2117	+0.007%	$674K	$1.7M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2117	−0.014%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2118	+0.028%	$410K	$552K	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	0.2117	−0.032%	$131.3M	$445.2M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2116	−0.057%	$89.0M	$186.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2116	−0.043%	$20.8M	$108.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2119	+0.061%	$15K	$399K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+0.132%	$105K	$242K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.033%	$89K	−$0	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2116	−0.071%	$10.8M	$20.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2116	−0.047%	$46.2M	$44.2M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2117	long leg	$24.4M	$16.6M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2114	−0.128%	$48.0M	$61.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2116	−0.047%	—	$32.6M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2115	−0.117%	$3.8M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2117	+0.013%	$247K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2117	−0.009%	$356K	$4.7M	10x	as long as short
ApeX Omni ENAUSDTshort	+0.0100%	1h	0.2118	+0.038%	$34K	$709K	50x
Polymarket Perps ENA-USD	+0.0100%	1h	0.2116	−0.052%	$179K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2067	−2.376%	$841	$828K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2116	−0.057%	$4K	$10K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2119	+0.104%	$275K	$1.3M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	−0.057%	$1.9M	$9.4M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2117	+0.006%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2116	−0.057%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2119	+0.076%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0224%	1h	0.2118	+0.028%	$4K	$302	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0236%	1h	0.2117	+0.004%	$2.7M	$5.1M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2115	−0.086%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0272%	1h	0.2115	−0.101%	$1.6M	$4.3M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2119	+0.085%	$5.6M	$2.8M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2115	−0.100%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0600%	1h	0.2119	+0.080%	$5.6M	$12.6M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0608%	1h	0.2120	+0.123%	$837K	$1.8M	50x	as long as short
Hyperliquid ENA	+0.0700%	1h	0.2120	+0.118%	$114.3M	$75.3M	10x	as long as short