Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.063%

Price spread now: 01 Exchange against KuCoin−0.172%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.172% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ENAUSDTM	0.2091	0.0100	pay 0.0050% / 4h	2h 11m	$24.0M	$16.5M	75x
Short	01 Exchange ENAUSD	0.2088	−0.0008	pay 0.0001% / 1h	11m 03s	$4K	$432	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.172%Rate

Funding earned: −$22.68
Price spread: −0.172% → 0.000%: −$17.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$58.89
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; 01 Exchange: no order-book sample. 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 KuCoin live order book, 8 min ago	2.62 bp	14.6 bp −$15	36.1 bp −$361	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0289%	1h	0.2092	+0.024%	$361K	$483K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0082%	4h	0.2088	−0.158%	$41K	$23K	10x	as long as short
01 Exchange ENAUSDshort	−0.0008%	1h	0.2088	−0.172%	$4K	$432	10x
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2089	−0.110%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2087	−0.178%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.540%	$522	$57K	5.5x	as long as short
Gate ENA_USDT	+0.0062%	4h	0.2091	−0.024%	$10.4M	$21.7M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2094	+0.158%	$5K	$394K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2086	−0.249%	$59K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2087	−0.222%	$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	0.2086	−0.244%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2089	−0.126%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2087	−0.222%	$404K	$593K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2091	−0.017%	$128.9M	$465.7M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2090	−0.048%	$87.2M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2091	+0.010%	$20.2M	$113.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.086%	$19K	$423K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2087	−0.201%	$82K	$223K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2087	−0.208%	$88K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2091	−0.005%	$45.5M	$49.4M	200x	as long as short
KuCoin ENAUSDTMlong	+0.0100%	4h	0.2091	long leg	$24.0M	$16.5M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2090	−0.072%	$47.3M	$66.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2091	−0.024%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2096	+0.251%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2098	+0.306%	$249K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2091	−0.010%	$349K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2098	+0.325%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2088	−0.172%	$182K	$3.0M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2038	−2.554%	$1K	$809K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2088	−0.153%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2097	+0.273%	$271K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2090	−0.057%	$1.9M	$9.3M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2089	−0.111%	$77K	$11K	3x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2089	−0.085%	$2.6M	$5.8M	50x	as long as short
Extended ENA-USD	+0.0184%	1h	0.2087	−0.182%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0214% / S −0.0163%	1h	0.2087	−0.201%	$50K	—	100x	as long as short
Lighter ENA	+0.0304%	1h	0.2092	+0.014%	$5.6M	$13.2M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2087	−0.210%	$5.5M	$8.1M	75x	as long as short
Hyperliquid ENA	+0.0350%	1h	0.2094	+0.115%	$110.4M	$80.8M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2086	−0.242%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2090	−0.077%	$800K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.5465%	1h	0.2087	−0.217%	$138K	$15K	5x	as long as short