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 −0.011%

Price spread now: Bitget against SunX+2.818%60s7-day average +2.306% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.965%−$97 · spread now +2.818%, 7d avg +2.306%

Together, before fees−0.982%−$98 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: Bitget is 0.512% dearer against SunX than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of +2.306%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2037	0.0100	pay 0.0050% / 4h	1h 56m	$1K	$813K	20x
Short	Bitget ENAUSDT	0.2094	0.0100	get 0.0050% / 4h	1h 56m	$47.4M	$65.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +2.818%Rate

Funding earned: $0
Price spread: +2.818% → +2.306%: $51.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $31.21
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 16 min ago; Bitget: live order book, 3 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, 16 min ago	258.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.24 bp	12.9 bp −$13	21.9 bp −$219	42.5 bp −$4,250	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	−0.0078%	4h	0.2095	+2.887%	$40K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2089	+2.583%	$92K	$1.8M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2096	+2.896%	$96K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+4.257%	$522	$57K	5.5x	as long as short
01 Exchange ENAUSD	+0.0064%	1h	0.2094	+2.833%	$4K	$432	10x	as long as short
Backpack ENA_USDC_PERP	+0.0066%	1h	0.2092	+2.700%	$361K	$487K	5x	as long as short
Kraken Futures PF_ENAUSD	+0.0066%	1h	0.2089	+2.567%	$2.6M	$5.6M	50x	as long as short
Phoenix ENA	+0.0076%	1h	0.2089	+2.563%	$5K	$356K	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2094	+2.813%	$60K	$538K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2097	+2.940%	$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	0.2095	+2.850%	$657K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2096	+2.912%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2096	+2.925%	$405K	$587K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2095	+2.872%	$128.9M	$464.1M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2095	+2.872%	$87.1M	$193.4M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2096	+2.921%	$20.2M	$113.4M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2085	+2.357%	$20K	$412K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2097	+2.961%	$82K	$223K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2095	+2.867%	$10.4M	$21.1M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2095	+2.843%	$45.2M	$46.6M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2095	+2.848%	$23.9M	$16.7M	75x	as long as short
Bitget ENAUSDTshort	+0.0100%	4h	0.2094	+2.818%	$47.4M	$65.5M	75x
BingX ENA-USDT	+0.0100%	4h	0.2095	+2.858%	—	$33.0M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2082	+2.228%	$3.8M	$10.4M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2084	+2.337%	$248K	$7.8M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2082	+2.228%	$352K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2082	+2.224%	$31K	$712K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2095	+2.872%	$190K	$2.8M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2037	long leg	$1K	$813K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2089	+2.568%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2095	+2.887%	$272K	$1.5M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2088	+2.519%	$1.9M	$9.2M	50x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2083	+2.297%	$88K	$2K	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2096	+2.912%	$77K	$11K	3x	as long as short
Extended ENA-USD	+0.0200%	1h	0.2097	+2.937%	$1.6M	$4.2M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0216% / S −0.0165%	1h	0.2096	+2.909%	$50K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2090	+2.612%	$5.5M	$8.1M	75x	as long as short
Lighter ENA	+0.0408%	1h	0.2098	+2.990%	$5.6M	$12.9M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2094	+2.809%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0568%	1h	0.2097	+2.951%	$110.5M	$80.3M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0576%	1h	0.2086	+2.401%	$797K	$2.1M	50x	as long as short
dYdX ENA-USD	+0.1966%	1h	0.2096	+2.916%	$138K	$15K	5x	as long as short