Funding arb · Price arb /

ENA

all ENA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.006%

Price spread now: Extended against SunX+2.347%7-day average +2.332% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now +2.347%, 7d avg +2.332%

Together, before fees−0.177%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +2.332%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ENA-USDT	0.2068	0.0100	pay 0.0050% / 4h	31m 02s	$891	$824K	20x
Short	Extended ENA-USD	0.2117	0.0232	get 0.0029% / 1h	31m 02s	$1.6M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +2.347%Rate

Funding earned: $27.72
Price spread: +2.347% → +2.332%: $1.52
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $16.24
Costs to cover: 0.130%
Break-even: 2.9 days

Slippage unknown: SunX: live order book, 31 min ago; Extended: 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, 31 min ago	265.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.23 bp	3.1 bp −$3	8.8 bp −$88	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
Orderly PERP_ENA_USDC	−0.0017%	4h	0.2119	+2.442%	$41K	$24K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2119	+2.466%	$92K	$1.7M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0003% / S −0.0003%	1h	0.2120	+2.498%	$97K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+2.669%	$522	$57K	5.5x	as long as short
Backpack ENA_USDC_PERP	+0.0045%	1h	0.2120	+2.490%	$374K	$446K	5x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2118	+2.408%	$63K	$521K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2119	+2.466%	$679K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2119	+2.433%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2120	+2.481%	$410K	$564K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2116	+2.299%	$130.9M	$452.9M	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	0.2117	+2.384%	$88.9M	$189.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2118	+2.398%	$20.5M	$111.1M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2124	+2.708%	$15K	$395K	5x	as long as short
Arcus ENA-USD	+0.0100%	1h	0.2120	+2.505%	$84K	$221K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2129	+2.940%	$90K	$500	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2118	+2.427%	$10.8M	$21.4M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2117	+2.384%	$46.6M	$45.5M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2119	+2.461%	$24.5M	$16.3M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2116	+2.306%	$48.0M	$64.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2116	+2.311%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2119	+2.461%	$3.9M	$10.3M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2123	+2.632%	$252K	$7.6M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2124	+2.690%	$361K	$4.6M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2124	+2.698%	$32K	$711K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2120	+2.495%	$179K	$2.4M	10x	as long as short
SunX ENA-USDTlong	+0.0100%	4h	0.2068	long leg	$891	$824K	20x
SoDEX ENA-USD	+0.0100%	1h	0.2119	+2.456%	$4K	$14K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2124	+2.679%	$277K	$1.4M	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2119	+2.456%	$2.0M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2118	+2.406%	$47K	$221	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2119	+2.453%	$78K	$11K	3x	as long as short
Phoenix ENA	+0.0189%	1h	0.2124	+2.722%	$7K	$347K	10x	as long as short
01 Exchange ENAUSD	+0.0192%	1h	0.2120	+2.495%	$4K	$302	10x	as long as short
Extended ENA-USDshort	+0.0232%	1h	0.2117	+2.347%	$1.6M	$4.2M	50x
Kraken Futures PF_ENAUSD	+0.0241%	1h	0.2120	+2.515%	$2.7M	$5.4M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0250% / S −0.0434%	1h	0.2119	+2.479%	$38K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2117	+2.379%	$5.6M	$7.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2119	+2.468%	$1K	$5K	15x	as long as short
Lighter ENA	+0.0528%	1h	0.2121	+2.572%	$5.6M	$12.9M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0552%	1h	0.2132	+3.070%	$842K	$2.1M	50x	as long as short
Hyperliquid ENA	+0.0793%	1h	0.2122	+2.614%	$114.1M	$78.7M	10x	as long as short
dYdX ENA-USD	+0.1729%	1h	0.2120	+2.481%	$140K	$15K	5x	as long as short