Funding arb · Price arb /

ENA

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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: edgeX against KuCoin−0.079%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.079%, 7d avg −0.022%

Together, before fees+0.095%+ Points / potential airdropedgeX: Active · farm board+$9 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: edgeX is 0.056% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2122	0.0100	pay 0.0050% / 4h	1h 31m	$24.6M	$15.8M	75x
Short	edgeX ENAUSDC	0.2120	0.0100	get 0.0050% / 4h	1h 31m	$256K	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.022%: −$5.64
Slippage, 4 orders: −$36.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$63.57
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; edgeX: live order book, 3 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, 8 min ago	1.17 bp	19.8 bp −$20	41.8 bp −$418	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	7.07 bp	11.6 bp −$12	13.1 bp −$131	44.0 bp −$4,405	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	−0.0123%	4h	0.2121	−0.057%	$44K	$26K	10x	as long as short
01 Exchange ENAUSD	−0.0016%	1h	0.2120	−0.075%	$4K	$277	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2122	−0.014%	$55K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2121	−0.056%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.066%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2121	−0.047%	$53K	$483K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2120	−0.105%	$47K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2119	−0.132%	$561K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2123	+0.066%	$114.8M	$76.0M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2121	−0.039%	$1.4M	$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	0.2121	−0.067%	$400K	$539K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2121	−0.058%	$128.4M	$429.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2118	−0.184%	$89.7M	$186.3M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2122	−0.009%	$21.1M	$108.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	+0.075%	$33K	$336K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	−0.094%	$78K	$281K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2117	−0.212%	$92K	$511	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2121	−0.042%	$12.4M	$26.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2121	−0.047%	$37.6M	$42.7M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2122	long leg	$24.6M	$15.8M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2119	−0.146%	$48.0M	$60.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2120	−0.090%	—	$31.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2128	+0.263%	$3.1M	$10.2M	—	as long as short
edgeX ENAUSDCshort	+0.0100%	4h	0.2120	−0.079%	$256K	$7.1M	20x
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2120	−0.110%	$350K	$5.1M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2120	−0.094%	$19K	$650K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2122	−0.019%	$186K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2071	−2.399%	$1K	$904K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2121	−0.047%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2123	+0.047%	$266K	$820K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2122	0.000%	$1.8M	$8.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2119	−0.135%	$1.6M	$4.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2121	−0.047%	$74K	$4K	3x	as long as short
Phoenix ENA	+0.0110%	1h	0.2119	−0.137%	$8K	$276K	10x	as long as short
Lighter ENA	+0.0160%	1h	0.2123	+0.061%	$5.0M	$13.4M	10x	as long as short
dYdX ENA-USD	+0.0205%	1h	0.2120	−0.078%	$140K	$16K	5x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0753%	1h	0.2121	−0.049%	$58K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2123	+0.028%	$5.6M	$3.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2120	−0.077%	$1K	$5K	15x	as long as short
Kraken Futures PF_ENAUSD	+0.0444%	1h	0.2122	+0.010%	$2.6M	$4.4M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.0616%	1h	0.2124	+0.080%	$876K	$1.8M	50x	as long as short
Backpack ENA_USDC_PERP	+0.0638%	1h	0.2122	+0.024%	$394K	$437K	5x	as long as short