Funding arb · Price arb /

ENA

all ENA markets

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: Binance against SunX+2.489%7-day average +2.372% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.306%−$31 · spread now +2.489%, 7d avg +2.372%

Together, before fees−0.344%−$34 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: Binance is 0.117% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +2.372%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2042	0.0100	pay 0.0050% / 4h	1h 17m	$1K	$816K	20x
Short	Binance ENAUSDT	0.2093	0.0100	get 0.0050% / 4h	1h 17m	$129.1M	$455.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +2.489%Rate

Funding earned: $0
Price spread: +2.489% → +2.372%: $11.67
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 55 min ago; Binance: live order book, 11 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, 55 min ago	258.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.24 bp	9.3 bp −$9	15.6 bp −$156	49.2 bp −$4,924	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
Orderly PERP_ENA_USDC	−0.0049%	4h	0.2092	+2.434%	$40K	$24K	10x	as long as short
Backpack ENA_USDC_PERP	−0.0046%	1h	0.2093	+2.482%	$369K	$450K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2093	+2.468%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2092	+2.439%	$101K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+3.971%	$522	$57K	5.5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2094	+2.542%	$2.6M	$5.5M	50x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2093	+2.482%	$61K	$531K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2092	+2.440%	$47K	$221	10x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2092	+2.438%	$658K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2092	+2.452%	$1.5M	$3.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ENA	+0.0100%	1h	0.2094	+2.507%	$405K	$576K	10x	as long as short
Binance ENAUSDTshort	+0.0100%	4h	0.2093	+2.489%	$129.1M	$455.4M	75x
Bybit ENAUSDT	+0.0100%	4h	0.2092	+2.409%	$87.0M	$190.7M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2092	+2.448%	$20.2M	$111.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2095	+2.566%	$15K	$396K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2094	+2.531%	$82K	$220K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2095	+2.565%	$88K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2092	+2.434%	$10.5M	$21.3M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2092	+2.458%	$46.4M	$47.0M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2093	+2.463%	$23.8M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2090	+2.345%	$47.3M	$64.7M	75x	as long as short
BingX ENA-USDT	+0.0100%	4h	0.2092	+2.434%	—	$32.8M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2094	+2.531%	$3.8M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2096	+2.610%	$249K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2095	+2.600%	$353K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2095	+2.580%	$32K	$710K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	+2.458%	$177K	$2.7M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2042	long leg	$1K	$816K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2092	+2.434%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2094	+2.551%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2092	+2.434%	$1.9M	$9.2M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2092	+2.434%	$77K	$11K	3x	as long as short
Phoenix ENA	+0.0115%	1h	0.2097	+2.698%	$5K	$356K	10x	as long as short
01 Exchange ENAUSD	+0.0136%	1h	0.2094	+2.546%	$4K	$432	10x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0240% / S −0.0412%	1h	0.2092	+2.428%	$38K	—	100x	as long as short
Extended ENA-USD	+0.0328%	1h	0.2092	+2.414%	$1.6M	$4.1M	50x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	+2.482%	$5.5M	$8.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2091	+2.396%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0488%	1h	0.2095	+2.590%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2098	+2.722%	$826K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0580%	1h	0.2095	+2.600%	$110.6M	$78.9M	10x	as long as short
dYdX ENA-USD	+0.1960%	1h	0.2093	+2.469%	$138K	$15K	5x	as long as short