Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against SunX+2.364%7-day average +2.413% · you sell dearer than you buy

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

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.885%−$89 · spread now +2.364%, 7d avg +2.413%

Together, before fees−0.888%−$89 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: Arcus is 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +2.413%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2051	0.0100	pay 0.0050% / 4h	2h 53m	$1K	$807K	20x
Short	Arcus ENA-USD	0.2100	0.0100	get 0.0013% / 1h	53m 53s	$84K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now +2.364%Rate

Funding earned: $0
Price spread: +2.364% → +2.413%: −$4.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.35
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 28 min ago; Arcus: live order book, 34 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 SunX live order book, 28 min ago	260.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 34 min ago	4.69 bp	11.4 bp −$11	24.8 bp −$248	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	−0.0522%	1h	0.2103	+2.505%	$362K	$487K	5x	as long as short
Orderly PERP_ENA_USDC	−0.0096%	4h	0.2100	+2.388%	$41K	$24K	10x	as long as short
01 Exchange ENAUSD	−0.0080%	1h	0.2102	+2.462%	$4K	$432	10x	as long as short
Gate ENA_USDT	−0.0028%	4h	0.2102	+2.437%	$10.4M	$21.4M	50x	as long as short
Phoenix ENA	0.0000%	1h	0.2107	+2.700%	$5K	$394K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2102	+2.457%	$98K	$1.9M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2102	+2.452%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.505%	$522	$57K	5.5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2098	+2.267%	$59K	$546K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2099	+2.295%	$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	0.2100	+2.352%	$654K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2101	+2.427%	$1.5M	$3.5M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2099	+2.340%	$403K	$604K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2102	+2.449%	$130.2M	$473.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2102	+2.442%	$88.4M	$195.6M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2103	+2.501%	$20.2M	$116.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	+2.437%	$19K	$445K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2100	+2.364%	$84K	$222K	10x
Bulk ENA-USD	+0.0100%	1h	0.2108	+2.734%	$89K	$2K	10x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2102	+2.486%	$45.4M	$48.3M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2103	+2.501%	$24.3M	$16.7M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2101	+2.408%	$47.6M	$67.3M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2102	+2.486%	—	$32.2M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2107	+2.698%	$3.6M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2106	+2.635%	$252K	$8.0M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2105	+2.631%	$362K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2105	+2.608%	$32K	$714K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2101	+2.418%	$183K	$3.0M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2051	long leg	$1K	$807K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2101	+2.413%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2102	+2.462%	$273K	$1.6M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2102	+2.462%	$1.8M	$9.3M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0104%	1h	0.2103	+2.510%	$2.7M	$5.9M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2102	+2.456%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2100	+2.388%	$77K	$11K	3x	as long as short
Lighter ENA	+0.0128%	1h	0.2104	+2.540%	$5.7M	$13.1M	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0210% / S −0.0158%	1h	0.2102	+2.457%	$50K	—	100x	as long as short
Hyperliquid ENA	+0.0227%	1h	0.2105	+2.603%	$111.8M	$80.7M	10x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2106	+2.657%	$5.6M	$8.2M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2099	+2.293%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0536%	1h	0.2104	+2.540%	$804K	$2.2M	50x	as long as short
dYdX ENA-USD	+0.6362%	1h	0.2101	+2.430%	$139K	$12K	5x	as long as short