Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Ondo Perps−2.403%7-day average −2.416% · you buy dearer than you sell

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.883%+$88 · spread now −2.403%, 7d avg −2.416%

Together, before fees+0.891%+ Points / potential airdropOndo Perps: Active · farm board+$89 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2139	0.0100	pay 0.0013% / 1h	10m 56s	$39K	$330K	5x
Short	SunX ENA-USDT	0.2088	0.0100	get 0.0050% / 4h	3h 10m	$1K	$922K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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 Ondo PerpsbpFee SunXbpOrdersPrice spread, now −2.403%Rate

Funding earned: $0
Price spread: −2.403% → −2.416%: $1.37
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$11.63
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 32 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 32 min ago	256.89 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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
01 Exchange ENAUSD	−0.0104%	1h	0.2137	−0.131%	$4K	$169	10x	as long as short
Orderly PERP_ENA_USDC	−0.0101%	4h	0.2137	−0.131%	$44K	$15K	10x	as long as short
Phemex ENAUSDT	−0.0007%	4h	0.2138	−0.061%	$1.9M	$9.0M	50x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2138	−0.056%	$76K	$1.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2137	−0.096%	$82K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2122	−0.813%	$734	$57K	5.5x	as long as short
Bitget ENAUSDT	+0.0052%	4h	0.2139	−0.037%	$48.5M	$60.3M	75x	as long as short
dYdX ENA-USD	+0.0077%	1h	0.2140	+0.014%	$141K	$16K	5x	as long as short
Lighter ENA	+0.0096%	1h	0.2140	+0.019%	$5.0M	$13.1M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2136	−0.154%	$55K	$487K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ENA-USD-PERP	+0.0099%	8h	0.2136	−0.136%	$48K	$110	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2136	−0.150%	$565K	$1.8M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2142	+0.136%	$117.2M	$76.6M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2141	+0.057%	$1.4M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2138	−0.038%	$409K	$560K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2140	+0.051%	$129.1M	$424.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2140	+0.009%	$88.8M	$190.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2139	0.000%	$21.2M	$107.1M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2139	long leg	$39K	$330K	5x
Arcus ENA-USD	+0.0100%	1h	0.2137	−0.108%	$79K	$249K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2147	+0.371%	$105K	$12K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2141	+0.098%	$13.4M	$28.2M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2140	+0.028%	$42.0M	$44.1M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2141	+0.084%	$25.2M	$15.9M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2140	+0.056%	—	$30.8M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2140	+0.023%	$414K	$479K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2146	+0.306%	$3.1M	$9.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2142	+0.140%	$253K	$7.2M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2142	+0.126%	$360K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2135	−0.201%	$19K	$644K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2137	−0.098%	$176K	$2.6M	10x	as long as short
SunX ENA-USDTshort	+0.0100%	4h	0.2088	−2.403%	$1K	$922K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2138	−0.061%	$4K	$6K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2138	−0.056%	$265K	$825K	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2140	+0.017%	$1.6M	$4.7M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2137	−0.084%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0150%	1h	0.2138	−0.047%	$13K	$267K	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0195%	1h	0.2139	−0.035%	$2.6M	$4.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0307% / S −0.0756%	1h	0.2137	−0.107%	$59K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2138	−0.065%	$5.6M	$3.4M	75x	as long as short
Reya ENARUSDPERP	+0.0411%	1h	0.2138	−0.080%	$1K	—	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0544%	1h	0.2141	+0.061%	$793K	$2.0M	50x	as long as short