Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX−0.116%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Pacifica

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.116% cheaper against SoDEX than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ENA-USD	0.2116	0.0100	pay 0.0013% / 1h	54m 20s	$4K	$14K	10x
Short	Pacifica ENA	0.2114	0.0100	get 0.0013% / 1h	54m 20s	$409K	$573K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → 0.000%: −$11.58
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$27.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 24 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 SoDEX no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 24 min ago	1.43 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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	−0.0071%	1h	0.2117	+0.043%	$374K	$447K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0035%	4h	0.2113	−0.137%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2117	+0.038%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2115	−0.061%	$105K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+0.350%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2113	−0.142%	$63K	$529K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2113	−0.135%	$679K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2115	−0.056%	$1.5M	$3.3M	50x	as long as short
Pacifica ENAshort	+0.0100%	1h	0.2114	−0.116%	$409K	$573K	10x
Binance ENAUSDT	+0.0100%	4h	0.2115	−0.066%	$130.7M	$455.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ENAUSDT	+0.0100%	4h	0.2113	−0.132%	$88.7M	$190.9M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2114	−0.095%	$20.5M	$111.6M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2118	+0.090%	$16K	$400K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2114	−0.095%	$83K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2122	+0.265%	$89K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2114	−0.080%	$10.8M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2113	−0.137%	$46.5M	$45.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2115	−0.066%	$24.4M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2112	−0.194%	$47.9M	$64.8M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2115	−0.052%	—	$32.7M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	+0.121%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2122	+0.283%	$251K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2123	+0.314%	$352K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2123	+0.331%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2114	−0.113%	$178K	$2.6M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2066	−2.363%	$1K	$820K	20x	as long as short
SoDEX ENA-USDlong	+0.0100%	1h	0.2116	long leg	$4K	$14K	10x
HTX ENA-USDT	+0.0100%	4h	0.2118	+0.090%	$275K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2116	0.000%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2112	−0.196%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2117	+0.036%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2120	+0.208%	$5K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2114	−0.071%	$4K	$312	10x	as long as short
Kraken Futures PF_ENAUSD	+0.0241%	1h	0.2117	+0.031%	$2.7M	$5.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2114	−0.071%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+0.033%	$5.6M	$8.1M	75x	as long as short
Extended ENA-USD	+0.0352%	1h	0.2113	−0.148%	$1.6M	$4.2M	50x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2113	−0.150%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0477%	1h	0.2117	+0.038%	$112.0M	$77.8M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2125	+0.421%	$839K	$2.1M	50x	as long as short
Lighter ENA	+0.0560%	1h	0.2115	−0.028%	$5.7M	$12.8M	10x	as long as short
dYdX ENA-USD	+0.1725%	1h	0.2116	+0.002%	$140K	$15K	5x	as long as short