Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica−0.153%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.153%, 7d avg +0.008%

Together, before fees−0.137%+ Points / potential airdropPacifica: Active · farm board−$14 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: KuCoin is 0.161% cheaper against Pacifica than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ENA	0.2097	0.0100	pay 0.0013% / 1h	47m 33s	$408K	$500K	10x
Short	KuCoin ENAUSDTM	0.2093	0.0100	get 0.0050% / 4h	47m 33s	$24.5M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → +0.008%: −$16.09
Slippage, 4 orders: −$29.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.34
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Pacifica: live order book, 11 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 11 min ago	3.08 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.80 bp	11.4 bp −$11	25.9 bp −$259	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
Backpack ENA_USDC_PERP	−0.0303%	1h	0.2094	−0.134%	$366K	$388K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2095	−0.076%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0059%	4h	0.2093	−0.186%	$43K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2093	−0.157%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2094	−0.140%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.278%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2094	−0.124%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2095	−0.086%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	−0.124%	$55K	$500K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2096	−0.052%	$47K	$110	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	0.2093	−0.150%	$656K	$1.6M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2094	−0.100%	$111.6M	$72.9M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2093	−0.164%	$1.5M	$2.9M	50x	as long as short
Pacifica ENAlong	+0.0100%	1h	0.2097	long leg	$408K	$500K	10x
Binance ENAUSDT	+0.0100%	4h	0.2095	−0.096%	$128.0M	$415.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2093	−0.172%	$85.0M	$176.2M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	−0.114%	$20.7M	$101.9M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2089	−0.362%	$19K	$321K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2092	−0.219%	$77K	$275K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2107	+0.496%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2096	−0.019%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2097	−0.005%	$45.1M	$41.1M	200x	as long as short
KuCoin ENAUSDTMshort	+0.0100%	4h	0.2093	−0.153%	$24.5M	$15.6M	75x
Bitget ENAUSDT	+0.0100%	4h	0.2097	+0.038%	$47.8M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2096	−0.024%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.009%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2088	−0.403%	$240K	$7.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2088	−0.410%	$346K	$4.9M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2088	−0.410%	$20K	$648K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2094	−0.124%	$178K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2043	−2.537%	$1K	$843K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2092	−0.219%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	−0.072%	$271K	$797K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2093	−0.172%	$1.8M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2097	+0.012%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2093	−0.157%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0135%	1h	0.2095	−0.088%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0245%	1h	0.2094	−0.132%	$2.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2094	−0.131%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2088	−0.429%	$5.6M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2093	−0.170%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2090	−0.310%	$851K	$1.5M	50x	as long as short